305 Elmwood DrOremUT84057
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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 305 Elmwood Dr, Orem, UT, 84057 priced at $377,000 converts $1,726/mo rent into after a $1,845/mo obligation. Total monthly income equals $1,726/mo. Return on cash invested prints 12.06% in year one, and rental yield reads 5.49% against a $377,000 entry. Equity gained on principal adds $2,433/yr, while 5% annual appreciation compiles into $104,158 by year five. Five-year ROI reaches 61.5% and total cumulative return in cash sums $76,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,726/mo property income covering a $1,845/mo payment, not borrower’s personal income.
Townhouse
Built in 1975
2,613 sqft lot
$N/A/sqft
$334 monthly 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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Listed by: Jennifer Harris • RED ROCK REAL ESTATE
Mls Name: WCBR
Mls ID: #25-264898
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.