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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 1382 S 315 E, Salem, UT, 84653 generates $3,046/mo in rent and, after a $1,223/mo payment, leaves $1,581/mo in cash flow. Total monthly income is $3,046/mo, and annual cash flow is $18,977/yr on $82,842 invested. Return on cash invested sits at 42.82% in year one, and rental yield is 14.63% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 225.28% and total cumulative return in cash sums $186,626. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,046/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.34 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 |
|---|---|---|
| 2024-08-15 | Listed for sale | $249,900 |
| 2024-05-31 | Listing removed | N/A |
| 2024-03-07 | Price change | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tanner Jones • Berkshire Hathaway HomeServices Elite Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1970286
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 21:13:33 PDT. 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)
