230 S 700 EOremUT84097
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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 230 S 700 E, Orem, UT, 84097 offers a 7.3% rental yield on a $510,000 purchase with $3,101/mo rent. Total monthly income registers $3,101/mo, and a $2,496/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,344/yr on $167,790 to close, and return on cash invested stands at 20.86% in year one. Equity gained on principal adds $3,291/yr while 5% annual appreciation supports $140,904 over five years. Portfolio math shows five-year ROI at 107.47% and total cumulative return in cash at $180,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,101/mo property income against a $2,496/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84097, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,732 (61.6%) |
| Renter Occupied HU | 2,382 (31.0%) |
| Vacant Housing Units | 571 ( 7.4%) |
| Median Home Value | $620,507 |
| Average Home Value | $668,136 |
Housing Distribution
Address Breakdown
Residential
6,913
Single Family
6,291
Multi-Family
622
Businesses
993
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