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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 Salem at 295 N 1040 E #22, Salem, UT, 84653 offers a 8.15% rental yield on a $706,900 purchase with $4,800/mo rent. Total monthly income registers $4,800/mo, and a $3,460/mo payment leaves $657/mo available for distribution. Annual cash flow reaches $7,880/yr on $232,570 to close, and return on cash invested stands at 23.45% in year one. Equity gained on principal adds $4,562/yr while 5% annual appreciation supports $195,303 over five years. Portfolio math shows five-year ROI at 121.36% and total cumulative return in cash at $282,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,800/mo property income against a $3,460/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84653, Salem, UT area.
| 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 |
Residential
3,522
Single Family
3,081
Multi-Family
441
Businesses
225
Date | Event | Price |
|---|---|---|
| 2024-09-11 | Listed for sale | $706,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Courtney Fuller • Arive Realty
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2022761
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 21:13:33 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)
