515 W 1465 N #11OremUT84057
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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
Investment Highlights
Investment property for sale in Orem at 515 W 1465 N #11, Orem, UT, 84057 offers a 9.26% rental yield on a $100,000 purchase with $772/mo rent. 9% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 69.91% and total cumulative return in cash at $23,176. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $772/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
4,356 sqft lot
$N/A/sqft
$380 monthly HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 84057, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,161 (100%) |
| Owner Occupied HU | 6,849 (56.3%) |
| Renter Occupied HU | 5,008 (41.2%) |
| Vacant Housing Units | 304 ( 2.5%) |
| Median Home Value | $511,661 |
| Average Home Value | $560,886 |
Housing Distribution
Address Breakdown
Residential
12,011
Single Family
11,677
Multi-Family
334
Businesses
1,172
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Price change | $100,000 |
| 2024-09-13 | Listed for sale | $120,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MobileManufactured
- Year Built: 1985
- Architectural Style: Mobile
- Building Area: 840
- Living Area: 840 sqft
- Property Condition: Blt./Standing
Features & Amenities
- Heating: Central
- Cooling: Evaporative Cooling
- Flooring: Carpet, Tile
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Covered
Location
HOA & Fees
- HOA Fee: $380 monthly
- Association Fee: $380 monthly
- Fees & Dues: N/A
- Association Amenities: Sewer Paid, Trash, Water
- Association Fee Includes: Sewer, Trash, Water
Utilities
- Utilities: Natural Gas Connected, Sewer Connected, Sewer Not Connected, Water Connected, Sewer: Not Connected
- Sewer: N/A
- Water Source: Culinary
- Road Surface Type: N/A
School Information
- Elementary School: Bonneville
- Middle School: Orem
- High School: Timpanogos
Listed by: Craig Lisonbee • Fathom Realty (Union Park)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2023336
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-19 02:18:43 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)