1244 N WashougalElk RidgeUT84651
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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
Investment Highlights
Rental property for sale in Elk Ridge at 1244 N Washougal, Elk Ridge, UT, 84651 priced at $1,200,000 converts $3,928/mo rent into after a $5,873/mo obligation. Total monthly income equals $3,928/mo. Return on cash invested prints 10.79% in year one, and rental yield reads 3.93% against a $1,200,000 entry. Equity gained on principal adds $7,743/yr, while 5% annual appreciation compiles into $331,538 by year five. Five-year ROI reaches 53.38% and total cumulative return in cash sums $207,527. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,928/mo property income covering a $5,873/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.58 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
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Nearby investment properties with comparable prices
Listed by: Aren Bybee • Bybee & Co Realty, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2059099
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-18 12:46:37 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)