263 W Garden Park Dr 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
Rental property for sale in Orem at 263 W Garden Park Dr N, Orem, UT, 84057 priced at $283,500 pairs $1,716/mo rent with $54/mo cash flow after a $1,388/mo payment. Total monthly income equals $1,716/mo, and annual cash flow comes to $647/yr on $93,980 invested. Return on cash invested is 20.6% in year one, and rental yield stands at 7.26% on a $283,500 basis. Equity gained on principal adds $1,829/yr, and 5% annual appreciation accumulates to $78,326 by year five. Five-year ROI measures 106.1% and total cumulative return in cash reaches $99,712. For financing, Ziffy Mortgage’s DSCR program evaluates $1,716/mo property income against a $1,388/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1976
435.60 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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