1128 W 1150th St S #9, Payson, UT, 84651 | 6.23% Rental Yield

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1128 W 1150th St S #9, Payson, UT, 84651 | 6.23% 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

Total monthly income runs $3,376/mo, and a $3,181/mo payment. Purchase price stands at $650,000, and rental yield measures 6.23% with $3,376/mo rent. Return on cash invested shows 17.63% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 90.14% and total cumulative return in cash records $192,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,376/mo property income covering a $3,181/mo payment rather than investor’s personal income.

Single Family

Built in 2015

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

A beautiful, well built and maintained home in prestigious Heritage Village, a 55+, HOA community. Main floor living with no-step access. Across the street from mail box, Clubhouse, Pickle Ball Court, and Park. Large home with open concept kitchen and family room, with enough room for all the family and grandchildren. In the clubhouse is a beautiful, indoor, year-round, heated Swimming Pool which residents and grandchildren love, including a large recreation area available for family gatherings, wedding receptions, etc., including a large kitchen. There is also a pool table, Library, and Exercise room for residents. Many activities like crafts, quilting, playing pool, Movie Nights, etc. The home is within walking distance to Walmart and Payson Temple and only 1/2 mile to I-15. 10 miles up the canyon to Payson Lakes where boating, fishing, hiking, camping and horseback riding are available. All yard maintenance and snow removal is provided by HOA. There are excellent medical and emergency services nearby. This is a dream home for seniors.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84651, Payson, UT area.

Housing Distribution

Housing Statistics

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