871 N Newberg Dr #3Garden CityUT84028
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Garden City at 871 N Newberg Dr #3, Garden City, UT, 84028 listed at $409,000 pairs $2,411/mo rent with a $2,002/mo payment to leave $14/mo cash flow. Total monthly income runs $2,411/mo, and annual cash flow reaches $164/yr on $135,584 cash to close. Return on cash invested measures 20.03% in year one, and rental yield registers 7.07% at a $409,000 basis. Equity gained on principal adds $2,639/yr, and annual property appreciation at 5% supports $112,999 by year five. Five-year ROI tracks 103.06% and total cumulative return in cash totals $139,737. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,411/mo property income relative to a $2,002/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84028, Garden City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,297 (100%) |
| Owner Occupied HU | 328 (14.3%) |
| Renter Occupied HU | 82 ( 3.6%) |
| Vacant Housing Units | 1,887 (82.2%) |
| Median Home Value | $589,623 |
| Average Home Value | $601,303 |
Housing Distribution
Address Breakdown
Residential
19
Single Family
19
Multi-Family
0
Businesses
108
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Listed by: Pam Cornia • Town & Country Realty Bear Lake, Inc
Mls Name: UtahRealEstate.com
Mls ID: #2107660