Hemingway Plan, Canyon View MeadowsSpanish ForkUT84660
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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 Spanish Fork at Hemingway Plan, Canyon View Meadows, Spanish Fork, UT, 84660 offers $2,978/mo rent that, after a $3,426/mo payment. Total monthly income is $2,978/mo. Return on cash invested measures 14.2% in year one, and rental yield stands at 5.11% at a $699,990 entry. Equity gained on principal adds $4,517/yr while 5% annual appreciation compounds into $193,394 by year five. Five-year ROI records 71.77% and total cumulative return in cash reaches $165,277. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,978/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84660, Spanish Fork, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,380 (100%) |
| Owner Occupied HU | 11,239 (78.2%) |
| Renter Occupied HU | 2,720 (18.9%) |
| Vacant Housing Units | 421 ( 2.9%) |
| Median Home Value | $577,761 |
| Average Home Value | $623,470 |
Housing Distribution
Address Breakdown
Residential
14,043
Single Family
13,982
Multi-Family
61
Businesses
1,172
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Listed by: N/A • Richmond American Homes
Mls Name: Richmond Homes
Mls Provider:
Mls ID: #N/A