- The Canovo Report
- Posts
- The Canovo Report - Sept 25, 2023
The Canovo Report - Sept 25, 2023
The Canovo Report: Taylorsville Mother-in-law 7.07% cap; Wendover 48-unit $2.9M
Check out this week's market snapshot and top investment property listings. Our team has analyzed these deals using our custom bulk property analyzer. If you’d like more detail regarding any of these listings, click the links below.
If you have any questions about buying or selling investment property in Utah, you can schedule a brief strategy call with me here.
Happy Investing,
David Robinson
📊 MARKET SNAPSHOT
🔥 TOP INVESTMENT PROPERTY LISTINGS
$515,000.00
1959 W Condie Dr Taylorsville Utah
Type: Mother In Law
Est Proforma Cap: 7.07%
Total Monthly Expenses: $964.21
Gross Monthly Income: $4,122.00
$449,900.00
668 E Main St Grantsville Utah
Type: Mother In Law
Est Proforma Cap: 7.50%
Total Monthly Expenses: $871.58
Gross Monthly Income: $3,796.00
$2,195,000.00
356 N 300 W Salt Lake City Utah , 84103
Type: 14 Unit
Est Proforma Cap: 7.09%
Total Monthly Expenses: $4,116.11
Gross Monthly Income: $17,612.00
$2,180,000.00
332 S 400 E Cedar City Utah , 84720
Type: 22 Unit
Est Proforma Cap: 7.21%
Total Monthly Expenses: $4,127.33
Gross Monthly Income: $17,754.00
$450,000.00
296 S Lakeview Dr Clearfield Utah , 84015
Type: 2 Unit
Est Proforma Cap: 6.78%
Total Monthly Expenses: $822.45
Gross Monthly Income: $3,468.00
$2,999,999.00
370 Aria Blvd Wendover Utah , 84083
Type: 48 Unit
Est Proforma Cap: 16.73%
Total Monthly Expenses: $10,035.80
Gross Monthly Income: $53,472.00
The information provided is not guaranteed and should not be relied upon to make investment decisions. Buyers should complete their own analysis and due diligence before making any investment.
📰 NEWS, REPORTS, & INSIGHTS
Summary:
Mortgage rates went up a bit, even though the Federal Reserve didn't change their rates this week. This is a bit confusing for some people, but there are reasons for it.
Key Points:
The Fed has 8 times a year to change rates, but the bond market can change rates every day. The Fed tries to give hints about what they're going to do so there aren't big surprises.
When the Fed meets, they sometimes share their guesses about future rates using dots on a chart. This week, those dots showed that they think rates might stay higher for longer, which worried some people.
Prices of things like gas and cars have gone up, which is called inflation. The Fed uses rates to control this. Important reports coming out next month will help decide what happens with rates next. If the reports are bad, rates might go down, but if they're good, rates might go up.
Copyright (C) " target="_blank">unsubscribe