629 Cherapple CirOremUT84097
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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 Orem at 629 Cherapple Cir, Orem, UT, 84097 priced at $922,400 converts $4,139/mo rent into after a $4,515/mo obligation. Total monthly income equals $4,139/mo. Return on cash invested prints 15.05% in year one, and rental yield reads 5.38% against a $922,400 entry. Equity gained on principal adds $5,952/yr, while 5% annual appreciation compiles into $254,842 by year five. Five-year ROI reaches 76.31% and total cumulative return in cash sums $231,588. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,139/mo property income covering a $4,515/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84097, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,685 (100%) |
| Owner Occupied HU | 4,732 (61.6%) |
| Renter Occupied HU | 2,382 (31.0%) |
| Vacant Housing Units | 571 ( 7.4%) |
| Median Home Value | $620,507 |
| Average Home Value | $668,136 |
Housing Distribution
Address Breakdown
Residential
6,913
Single Family
6,291
Multi-Family
622
Businesses
993
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