457 E 720 N #8, Salem, UT, 84653 | $1,206/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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457 E 720 N #8, Salem, UT, 84653 | $1,206/mo Cash Flow | 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 Salem at 457 E 720 N #8, Salem, UT, 84653 generates $4,800/mo in rent and, after a $3,001/mo payment, leaves $1,206/mo in cash flow. Total monthly income is $4,800/mo, and annual cash flow is $14,476/yr on $201,718 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 9.39% on a $613,124 entry. Equity gained on principal adds $3,956/yr, while 5% annual appreciation builds toward $169,395 over five years. Five-year ROI reaches 141.68% and total cumulative return in cash sums $285,796. 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 2025

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

AMAZING $20,000 INCENTIVE TOWARDS CLOSING COSTS, RATE BUYDOWN, OR PRICE REDUCTION REGARDLESS OF LENDER! Must-See New Salem Fields Community! Move-in ready! This beautiful home built by Flagship Homes features 4 bedrooms, 2.5 bathrooms, quartz countertops, landscaped front yard (backyard can be landscaped for an additional charge), and 2 car garage. The primary bedroom has a vaulted ceiling, large walk-in closet, and dual sinks with a separate tub/shower. With an unfinished basement, this home provides space for storage and room to grow. (If preferred, basement can be finished for an additional charge.) Call for more information or stop by our model home at 495 E 720 N Salem, UT for a tour. Model home hours: Monday-Saturday 11 AM - 6 PM. Buyers to verify all information. Square footage is from house plans.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84653, Salem, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,841 (100%)
Owner Occupied HU	3,279 (85.4%)
Renter Occupied HU	475 (12.4%)
Vacant Housing Units	87 ( 2.3%)
Median Home Value	$683,715
Average Home Value	$763,816