888 N Newberg Dr #2Garden 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 888 N Newberg Dr #2, Garden City, UT, 84028 uses $125,937 cash to close to unlock $141/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $2,238/mo, and a $1,859/mo payment keeps the spread at $12/mo. Purchase price stands at $379,900, and rental yield measures 7.07% with $2,238/mo rent. Return on cash invested shows 20.02% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 103% and total cumulative return in cash records $129,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,238/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in 1998
4,356 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: Penilee Stevens • Recreation Realty, P.C.
Mls Name: UtahRealEstate.com
Mls ID: #2111198