578 W Sky Hawk WayElk RidgeUT84651
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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
Rental property for sale in Elk Ridge at 578 W Sky Hawk Way, Elk Ridge, UT, 84651 offers $3,486/mo rent that, after a $3,279/mo payment. Total monthly income is $3,486/mo. Return on cash invested measures 17.66% in year one, and rental yield stands at 6.24% at a $669,900 entry. Equity gained on principal adds $4,323/yr while 5% annual appreciation compounds into $185,081 by year five. Five-year ROI records 90.33% and total cumulative return in cash reaches $199,077. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,486/mo property income versus a $3,279/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84651, Payson, UT area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
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