1108 W 1580 N #173, Salem, UT, 84653 | 6.04% Rental Yield

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1108 W 1580 N #173, Salem, UT, 84653 | 6.04% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Salem at 1108 W 1580 N #173, Salem, UT, 84653 listed at $449,990 pairs $2,266/mo rent with a $2,202/mo payment. Total monthly income runs $2,266/mo. Return on cash invested measures 16.92% in year one, and rental yield registers 6.04% at a $449,990 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,324 by year five. Five-year ROI tracks 86.42% and total cumulative return in cash totals $128,919. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,266/mo property income relative to a $2,202/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2025

871.20 sqft lot

$N/A/sqft

No HOA

More details about the property

FINISHED IN JANUARY! - Discover the Hillsborough plan in the Harmony Place community in Salem, offering modern design and thoughtful spaces in a vibrant neighborhood setting. The kitchen features stainless steel gas appliances and sleek quartz countertops, creating a perfect space for cooking and entertaining. The primary suite includes dual sinks with a quartz countertop, while the additional baths are finished with undermount sinks and quartz surfaces for a polished look. A powder bath with a base cabinet and quartz countertop adds extra convenience. This home also includes 9-foot ceilings on the main floor, a guest room with a full bath, upgraded railing throughout, and an 8-foot garage door. Beyond the home, the Harmony Place community enhances your lifestyle with amenities such as a swimming pool, walking trails, and a brand-new city park currently under construction. The Hillsborough plan combines comfort, style, and community living-an excellent opportunity to own a new home in Salem.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84653, Salem, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,841 (100%)
Owner Occupied HU	3,279 (85.4%)
Renter Occupied HU	475 (12.4%)
Vacant Housing Units	87 ( 2.3%)
Median Home Value	$683,715
Average Home Value	$763,816