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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Cedar City at 981 E Nichols Canyon Rd, Cedar City, UT, 84721 priced at $589,900 pairs $3,216/mo rent with after a $2,887/mo payment. Total monthly income equals $3,216/mo. Return on cash invested is 18.57% in year one, and rental yield stands at 6.54% on a $589,900 basis. Equity gained on principal adds $3,807/yr, and 5% annual appreciation accumulates to $162,978 by year five. Five-year ROI measures 95.19% and total cumulative return in cash reaches $184,737. For financing, Ziffy Mortgage’s DSCR program evaluates $3,216/mo property income against a $2,887/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84721, Cedar City, UT area.
| 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 |
Residential
10,226
Single Family
10,124
Multi-Family
102
Businesses
991
Date | Event | Price |
|---|---|---|
| 2025-02-14 | Listed for sale | $589,900 |
| 2021-10-12 | Listing removed | N/A |
| 2021-09-30 | Price change | $539,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-19 | $2249.81 | 23.38% | $282,250 | 30.00% |
| 2022-02-19 | $1823.55 | 6.09% | $217,115 | 16.11% |
| 2021-02-19 | $1718.95 | N/A | $186,985 | 11.83% |
Listed by: Craig Dale Corry • Stratum Real Estate Group PLLC (Cedar)
Mls Name: ICBOR
Mls ID: #110007
Disclaimer: Copyright Iron County Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
