229 E 850 S, Salem, UT, 84653 | 5.81% Rental Yield

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229 E 850 S, Salem, UT, 84653 | 5.81% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $3,047/mo, and a $3,081/mo payment. Purchase price stands at $629,500, and rental yield measures 5.81% with $3,047/mo rent. Return on cash invested shows 16.34% in year one, and 5% annual appreciation builds toward $173,919 over five years. Five-year ROI reaches 83.23% and total cumulative return in cash records $172,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,047/mo property income covering a $3,081/mo payment rather than investor’s personal income.

Single Family

Built in 2008

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this one-of-a-kind home in the heart of Salem! You'll love the massive RV parking and spacious 3-car garage, offering plenty of room for all your vehicles and toys. Step inside to a warm and inviting living space featuring a beautiful fireplace and mantle. Upstairs includes 4 bedrooms, 2 full bathrooms, and generous storage throughout. The basement offers one finished room with additional space ready to be completed, perfect for another gathering area, bedrooms, or bathrooms to suit your needs. Outside, enjoy the fully fenced yard, a shed for extra storage, a dedicated garden area, and the yard is fully landscaped which makes this home ready to enjoy inside and out. Don't miss your chance to view this home, give us a call today for a private showing! Square footage figures are provided as a courtesy estimate only and were obtained from the County Records. Buyer is advised to obtain an independent measurement.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84653, Salem, UT area.

Housing Distribution

Housing Statistics

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