892 E Nichols Canyon RdCedar CityUT84721
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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 Cedar City at 892 E Nichols Canyon Rd, Cedar City, UT, 84721 offers $3,782/mo rent that, after a $2,936/mo payment, leaves $266/mo cash flow. Total monthly income is $3,782/mo, and annual cash flow is $3,194/yr on $197,334 cash. Return on cash invested measures 21.68% in year one, and rental yield stands at 7.57% at a $599,800 entry. Equity gained on principal adds $3,870/yr while 5% annual appreciation compounds into $165,714 by year five. Five-year ROI records 111.88% and total cumulative return in cash reaches $220,773. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,782/mo property income versus a $2,936/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84721, Cedar City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,512 (100%) |
| Owner Occupied HU | 6,751 (64.2%) |
| Renter Occupied HU | 3,146 (29.9%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $421,347 |
| Average Home Value | $469,115 |
Housing Distribution
Address Breakdown
Residential
10,226
Single Family
10,124
Multi-Family
102
Businesses
991
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Nearby investment properties with comparable prices
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