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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Elk Ridge at 253 E Deer Run Loop, Elk Ridge, UT, 84651 at $964,900 posts ROI 12.49% with from $3,653/mo rent. Total monthly income equals $3,653/mo. Return on cash invested measures 12.49% and rental yield reads 4.54% at the current $964,900. Equity gained on principal adds $6,226/yr, and 5% annual appreciation supports $266,584 by year five. Five-year ROI prints 62.59% and total cumulative return in cash totals $198,708. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,653/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2016
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84651, Payson, UT area.
| 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 |
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $964,900 |
| 2024-10-11 | Price change | $965,000 |
| 2024-09-02 | Price change | $974,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-17 | $3888.39 | 19.95% | $716,800 | 156.40% |
| 2021-10-17 | $3241.56 | 1.04% | $279,565 | -42.72% |
| 2020-10-17 | $3208.04 | 9.00% | $488,100 | 94.45% |
Listed by: Justin Hutchins • Legacy Group Real Estate PLLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2016598
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 20:13:26 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)
