677 N 220 ESalemUT84653
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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 Salem at 677 N 220 E, Salem, UT, 84653 generates $2,192/mo in rent, after a $1,738/mo payment. Total monthly income is $2,192/mo. Return on cash invested sits at 18.84% in year one, and rental yield is 7.41% on a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation builds toward $98,080 over five years. Five-year ROI reaches 97.45% and total cumulative return in cash sums $114,684. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,192/mo property income rather than buyer’s personal income.
Townhouse
Built in 2017
1,306 sqft lot
$N/A/sqft
$216 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84653, Salem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,841 (100%) |
| Owner Occupied HU | 3,279 (85.4%) |
| Renter Occupied HU | 475 (12.4%) |
| Vacant Housing Units | 87 ( 2.3%) |
| Median Home Value | $683,715 |
| Average Home Value | $763,816 |
Housing Distribution
Address Breakdown
Residential
3,522
Single Family
3,081
Multi-Family
441
Businesses
225
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Nearby investment properties with comparable prices
Listed by: Luke Kochniuk • RE/MAX Associates
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2010684
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 21:13:33 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)