23 W 450 NOremUT84057
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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
Investment property for sale in Orem at 23 W 450 N, Orem, UT, 84057 uses $144,203 cash to close to unlock $3,030/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $2,802/mo, and a $2,129/mo payment keeps the spread at $253/mo. Purchase price stands at $435,000, and rental yield measures 7.73% with $2,802/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 113.69% and total cumulative return in cash records $163,944. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,802/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1953
10,018 sqft 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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