342 S Palisade DrOremUT84097
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
Investment property for sale in Orem at 342 S Palisade Dr, Orem, UT, 84097 offers a 5.17% rental yield on a $744,500 purchase with $3,208/mo rent. 4% in year one. Equity gained on principal adds $4,804/yr while 5% annual appreciation supports $205,692 over five years. Portfolio math shows five-year ROI at 72.83% and total cumulative return in cash at $178,387. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,208/mo property income against a $3,644/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84097, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,732 (61.6%) |
| Renter Occupied HU | 2,382 (31.0%) |
| Vacant Housing Units | 571 ( 7.4%) |
| Median Home Value | $620,507 |
| Average Home Value | $668,136 |
Housing Distribution
Address Breakdown
Residential
6,913
Single Family
6,291
Multi-Family
622
Businesses
993
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Bishop • Better Homes and Gardens Real Estate Momentum (Lehi)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2103345
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-08-08 11:40:37 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](/mls-disclaimers/#319)