37 E Meadow Lark Ln, Elk Ridge, UT, 84651 | 4.6% Rental Yield

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37 E Meadow Lark Ln, Elk Ridge, UT, 84651 | 4.6% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elk Ridge at 37 E Meadow Lark Ln, Elk Ridge, UT, 84651 offers a 4.6% rental yield on a $949,000 purchase with $3,635/mo rent. 65% in year one. Equity gained on principal adds $6,124/yr while 5% annual appreciation supports $262,191 over five years. Portfolio math shows five-year ROI at 63.46% and total cumulative return in cash at $198,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,635/mo property income against a $4,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2019

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

*Be sure to click the tour button for the virtual tour! Welcome to your new home in the heart of Elk Ridge where incredible views and comfortable living come together in the perfect family setting. From every window, you'll enjoy breathtaking scenery-majestic mountain peaks, the peaceful shimmer of the lake and twinkling city lights at night. Inside, the open floor plan is designed with family in mind. Whether you're cooking in the fabulous kitchen, helping with homework or relaxing together in the bright, airy living room, this home makes it easy to stay connected. The modern kitchen has plenty of counter space, beautiful tile back splash an appliance garage, a large pantry and room to entertain! The main floor boasts 9' ceilings, updated lighting throughout and thoughtful upgrades to the kitchen. With dual furnaces, A/C units and water heaters, you'll be sure to stay comfortable all year long! Enjoy the benefits of a brand new water softening system to protect your appliances and plumbing and make maintenance of your home a breeze. Step outside to the spacious backyard which includes a play set, trampoline, fire pit and plenty of room to roam! Interested in extra income or space for extended family members? This incredible home includes a 2 bedroom ADU with it's own separate entrance and driveway! Also included in this impressive home is room to park toys or an RV. Located in a quiet, family friendly community with fresh mountain air and room to grow this Elk Ridge gem offers a lifestyle that's as practical as it is picturesque.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84651, Payson, UT area.

Housing Distribution

Housing Statistics

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