323 W Songbird Ln #106LindonUT84042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lindon at 323 W Songbird Ln #106, Lindon, UT, 84042 generates $4,800/mo in rent and, after a $3,621/mo payment, leaves $414/mo in cash flow. Total monthly income is $4,800/mo, and annual cash flow is $4,967/yr on $243,387 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 7.79% on a $739,779 entry. Equity gained on principal adds $4,774/yr, while 5% annual appreciation builds toward $204,387 over five years. Five-year ROI reaches 114.21% and total cumulative return in cash sums $277,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,800/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
5,662 sqft lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84042, Lindon, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,617 (100%) |
| Owner Occupied HU | 2,725 (75.3%) |
| Renter Occupied HU | 759 (21.0%) |
| Vacant Housing Units | 133 ( 3.7%) |
| Median Home Value | $727,810 |
| Average Home Value | $792,018 |
Housing Distribution
Address Breakdown
Residential
3,539
Single Family
3,401
Multi-Family
138
Businesses
758
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Listed by: J. Parker Knight • Realtypath LLC (Prestige)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2022737
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 05:31:55 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)