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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 300 E Magellan Ln, Elk Ridge, UT, 84651 earns from $2,347/mo rent with a $2,888/mo payment. Total monthly income totals $2,347/mo. ROI tracks 13.19% on current figures, and rental yield reads 4.77% at a $590,000 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $163,006 over five years. Five-year ROI reaches 66.34% and total cumulative return in cash sums $128,776. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,347/mo property income instead of your personal income.
Single Family
Built in 1997
0.34 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Brian Parrish • Bybee & Co Realty, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2099896
