585 W Lake View DrLehiUT84043
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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 Lehi at 585 W Lake View Dr, Lehi, UT, 84043 priced at $523,000 converts $2,782/mo rent into after a $2,560/mo obligation. Total monthly income equals $2,782/mo. Return on cash invested prints 18.08% in year one, and rental yield reads 6.38% against a $523,000 entry. Equity gained on principal adds $3,375/yr, while 5% annual appreciation compiles into $144,495 by year five. Five-year ROI reaches 92.58% and total cumulative return in cash sums $159,305. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,782/mo property income covering a $2,560/mo payment, not borrower’s personal income.
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84043, Lehi, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,595 (100%) |
| Owner Occupied HU | 20,440 (74.1%) |
| Renter Occupied HU | 6,027 (21.8%) |
| Vacant Housing Units | 1,128 ( 4.1%) |
| Median Home Value | $647,006 |
| Average Home Value | $702,389 |
Housing Distribution
Address Breakdown
Residential
26,063
Single Family
23,687
Multi-Family
2,376
Businesses
2,078
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