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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 Orem at 487 W 650 S, Orem, UT, 84058 generates $4,010/mo in rent, after a $3,475/mo payment. Total monthly income is $4,010/mo. Return on cash invested sits at 19.28% in year one, and rental yield is 6.78% on a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation builds toward $196,160 over five years. Five-year ROI reaches 99.02% and total cumulative return in cash sums $231,299. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,010/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 84058, Orem, UT area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,074 (100%) |
| Owner Occupied HU | 5,252 (43.5%) |
| Renter Occupied HU | 6,095 (50.5%) |
| Vacant Housing Units | 727 ( 6.0%) |
| Median Home Value | $572,925 |
| Average Home Value | $591,803 |
Residential
11,281
Single Family
9,995
Multi-Family
1,286
Businesses
890
Date | Event | Price |
|---|---|---|
| 2024-09-21 | Listed for sale | $710,000 |
| 2024-09-21 | Pending sale | $710,000 |
| 2024-09-10 | Price change | $710,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-15 | $2497.65 | 7.30% | $578,200 | 134.19% |
| 2021-10-15 | $2327.73 | 8.34% | $246,895 | -39.37% |
| 2020-10-15 | $2148.45 | 8.44% | $407,200 | 89.59% |
Listed by: Sarah Ceo • EXP Realty, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2022410
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 09:02:33 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](/info/mls-disclaimers/#mls_319)
