1588 S 705 EOremUT84097
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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 Orem at 1588 S 705 E, Orem, UT, 84097 generates $2,962/mo in rent, after a $2,391/mo payment. Total monthly income is $2,962/mo. Return on cash invested sits at 19.9% in year one, and rental yield is 7.28% on a $488,500 entry. Equity gained on principal adds $3,152/yr, while 5% annual appreciation builds toward $134,964 over five years. Five-year ROI reaches 102.63% and total cumulative return in cash sums $166,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,962/mo property income rather than buyer’s personal income.
Condo
Built in 2007
2,178 sqft lot
$N/A/sqft
$100 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84097, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,732 (61.6%) |
| Renter Occupied HU | 2,382 (31.0%) |
| Vacant Housing Units | 571 ( 7.4%) |
| Median Home Value | $620,507 |
| Average Home Value | $668,136 |
Housing Distribution
Address Breakdown
Residential
6,913
Single Family
6,291
Multi-Family
622
Businesses
993
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