1545 State St #7OremUT84057
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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
Investment property for sale in Orem at 1545 State St #7, Orem, UT, 84057 uses $36,465 cash to close to unlock $18,896/yr annual cash flow and $1,575/mo monthly cash flow. Total monthly income runs $2,219/mo, and a $538/mo payment keeps the spread at $1,575/mo. Purchase price stands at $110,000, and rental yield measures 24.21% with $2,219/mo rent. Return on cash invested shows 71.73% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 380.32% and total cumulative return in cash records $138,684. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,219/mo property income covering a $538/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84057, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,161 (100%) |
| Owner Occupied HU | 6,849 (56.3%) |
| Renter Occupied HU | 5,008 (41.2%) |
| Vacant Housing Units | 304 ( 2.5%) |
| Median Home Value | $511,661 |
| Average Home Value | $560,886 |
Housing Distribution
Address Breakdown
Residential
12,011
Single Family
11,677
Multi-Family
334
Businesses
1,172
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Listed by: Heather Chadwick • EXP Realty, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2078230
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-04-20 12:15:00 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](/mls-disclaimers/#319)