888 N Newberg Dr #1Garden 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
Rental property for sale in Garden City at 888 N Newberg Dr #1, Garden City, UT, 84028 generates $2,243/mo in rent and, after a $1,806/mo payment, leaves $80/mo in cash flow. Total monthly income is $2,243/mo, and annual cash flow is $964/yr on $122,324 invested. Return on cash invested sits at 20.7% in year one, and rental yield is 7.29% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 106.67% and total cumulative return in cash sums $130,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,243/mo property income rather than buyer’s personal income.
Condo
Built in 1997
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: Kathleen U. Johnson • Recreation Realty, P.C.
Mls Name: UtahRealEstate.com
Mls ID: #1997357