415 S 650 E, Orem, UT, 84097 | 5.35% Rental Yield

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415 S 650 E, Orem, UT, 84097 | 5.35% 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

Rental property for sale in Orem at 415 S 650 E, Orem, UT, 84097 generates $3,383/mo in rent, after a $3,715/mo payment. Total monthly income is $3,383/mo. Return on cash invested sits at 14.94% in year one, and rental yield is 5.35% on a $759,000 entry. Equity gained on principal adds $4,898/yr, while 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 75.73% and total cumulative return in cash sums $189,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,383/mo property income rather than buyer’s personal income.

Single Family

Built in 2007

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautifully crafted 2-story custom home by Chatwin Homes is located just minutes from BYU, Provo Canyon, and Orem High School. Designed with attention to detail, it features exquisite custom woodwork throughout, including hardwood floors on the main level, built-in bookshelves in the office, and elegant custom cabinetry in the kitchen. Upstairs, the spacious master suite has a truly exceptional walk-in closet. The garage is extra deep and includes a tandem bay along with a dedicated workshop area, perfect for projects or additional storage. Other notable upgrades include a new water softener, a whole-house humidifier, a brand-new water heater, surround sound, RV Parking, and stunning views of Mt. Timpanogos. An unfinished basement provides ample storage or the potential for more great living space.

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