Redwood Plan, Songbird CoveLindonUT84042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lindon at Redwood Plan, Songbird Cove, Lindon, UT, 84042 priced at $659,950 pairs $4,064/mo rent with $146/mo cash flow after a $3,230/mo payment. Total monthly income equals $4,064/mo, and annual cash flow comes to $1,753/yr on $217,124 invested. Return on cash invested is 20.87% in year one, and rental yield stands at 7.39% on a $659,950 basis. Equity gained on principal adds $4,259/yr, and 5% annual appreciation accumulates to $182,332 by year five. Five-year ROI measures 107.63% and total cumulative return in cash reaches $233,694. For financing, Ziffy Mortgage’s DSCR program evaluates $4,064/mo property income against a $3,230/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84042, Lindon, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,617 (100%) |
| Owner Occupied HU | 2,725 (75.3%) |
| Renter Occupied HU | 759 (21.0%) |
| Vacant Housing Units | 133 ( 3.7%) |
| Median Home Value | $727,810 |
| Average Home Value | $792,018 |
Housing Distribution
Address Breakdown
Residential
3,539
Single Family
3,401
Multi-Family
138
Businesses
758
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