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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 Salem at 138 W Reo Dr, Salem, UT, 84653 offers $2,266/mo rent that, after a $3,426/mo payment. Total monthly income is $2,266/mo. Return on cash invested measures 10.49% in year one, and rental yield stands at 3.88% at a $699,990 entry. Equity gained on principal adds $4,517/yr while 5% annual appreciation compounds into $193,394 by year five. Five-year ROI records 51.87% and total cumulative return in cash reaches $119,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,266/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84653, Salem, UT area.
| 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 |
Residential
3,522
Single Family
3,081
Multi-Family
441
Businesses
225
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Listed for sale | $699,990 |
| 2024-04-12 | Listing removed | N/A |
| 2024-03-25 | Listed for sale | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Gordon Richards • Visionary Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2059937
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-18 14:46:45 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)
