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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 Elk Ridge at 107 N Clark Ln, Elk Ridge, UT, 84651 priced at $600,000 converts $2,854/mo rent into after a $2,937/mo obligation. Total monthly income equals $2,854/mo. Return on cash invested prints 16.03% in year one, and rental yield reads 5.71% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 81.56% and total cumulative return in cash sums $161,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,854/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84651, Payson, UT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,360 (100%) |
| Owner Occupied HU | 7,284 (77.8%) |
| Renter Occupied HU | 1,834 (19.6%) |
| Vacant Housing Units | 242 ( 2.6%) |
| Median Home Value | $558,916 |
| Average Home Value | $577,660 |
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Barbara Morley • KW WESTFIELD
Mls Name: UtahRealEstate.com
Mls ID: #2105405
