209 N Elk Ridge DrElk RidgeUT84651
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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 Elk Ridge at 209 N Elk Ridge Dr, Elk Ridge, UT, 84651 offers $4,592/mo rent that, after a $3,202/mo payment, leaves $758/mo cash flow. Total monthly income is $4,592/mo, and annual cash flow is $9,091/yr on $215,232 cash. Return on cash invested measures 24.28% in year one, and rental yield stands at 8.42% at a $654,200 entry. Equity gained on principal adds $4,221/yr while 5% annual appreciation compounds into $180,743 by year five. Five-year ROI records 125.84% and total cumulative return in cash reaches $270,840. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,592/mo property income versus a $3,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84651, Payson, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,360 (100%) |
| Owner Occupied HU | 7,284 (77.8%) |
| Renter Occupied HU | 1,834 (19.6%) |
| Vacant Housing Units | 242 ( 2.6%) |
| Median Home Value | $558,916 |
| Average Home Value | $577,660 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
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