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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Elk Ridge at 429 W Olympic Ln, Elk Ridge, UT, 84651 generates $4,223/mo in rent, after a $4,870/mo payment. Total monthly income is $4,223/mo. Return on cash invested sits at 14.16% in year one, and rental yield is 5.09% on a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation builds toward $274,900 over five years. Five-year ROI reaches 71.57% and total cumulative return in cash sums $234,282. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,223/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84651, Payson, UT area.
| 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 |
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
Date | Event | Price |
|---|---|---|
| 2025-02-11 | Listed for sale | $995,000 |
| 2020-09-21 | Listing removed | $549,900 |
| 2020-09-16 | Listed for sale | $549,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-18 | $3827.96 | 5.54% | $717,000 | 7.24% |
| 2022-02-18 | $3626.92 | 21.55% | $668,600 | 159.81% |
| 2021-02-18 | $2983.92 | 91.34% | $257,345 | 97.20% |
Listed by: Rory McWhorter • ERA Brokers Consolidated (Utah County)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2063795
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-18 12:16:32 PST. 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)
