918 N Newberg Dr #4Garden 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 918 N Newberg Dr #4, Garden City, UT, 84028 uses $119,009 cash to close to unlock $3,132/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,365/mo, and a $1,757/mo payment keeps the spread at $261/mo. Purchase price stands at $359,000, and rental yield measures 7.91% with $2,365/mo rent. Return on cash invested shows 22.54% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 116.51% and total cumulative return in cash records $138,655. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,365/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Townhouse
Built in 1997
2,178 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: Cindy McLaughlin • Town & Country Realty Bear Lake, Inc
Mls Name: UtahRealEstate.com
Mls ID: #2085627