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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 1617 N Westview Ln, Salem, UT, 84653 priced at $400,000 converts $2,935/mo rent into $410/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,935/mo, and annual cash flow totals $4,924/yr on $132,600 invested. Return on cash invested prints 23.62% in year one, and rental yield reads 8.8% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 122.93% and total cumulative return in cash sums $163,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,935/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Townhouse
Built in 2022
1,306 sqft lot
$N/A/sqft
$180 monthly 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 |
|---|---|---|
| 2025-03-17 | Price change | $400,000 |
| 2021-03-17 | Pending sale | $324,900 |
| 2021-03-17 | Listed for sale | $324,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-18 | $1490.38 | 129.36% | $275,300 | 323.54% |
| 2022-03-18 | $649.81 | -11.75% | $65,000 | N/A |
| 2021-03-18 | $736.32 | N/A | $65,000 | N/A |
Listed by: Amber Mitchell • The Lance Group Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2070848
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-03-18 11:24:32 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)
