198 E Ridge RdOremUT84057
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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 198 E Ridge Rd, Orem, UT, 84057 priced at $794,990 pairs $3,581/mo rent with after a $3,891/mo payment. Total monthly income equals $3,581/mo. Return on cash invested is 15.11% in year one, and rental yield stands at 5.41% on a $794,990 basis. Equity gained on principal adds $5,130/yr, and 5% annual appreciation accumulates to $219,641 by year five. Five-year ROI measures 76.65% and total cumulative return in cash reaches $200,479. For financing, Ziffy Mortgage’s DSCR program evaluates $3,581/mo property income against a $3,891/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.37 Acres 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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