691 Elk Meadow LoopTooeleUT84074
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tooele at 691 Elk Meadow Loop, Tooele, UT, 84074 priced at $799,500 converts $3,581/mo rent into after a $3,913/mo obligation. Total monthly income equals $3,581/mo. Return on cash invested prints 15.02% in year one, and rental yield reads 5.37% against a $799,500 entry. Equity gained on principal adds $5,159/yr, while 5% annual appreciation compiles into $220,887 by year five. Five-year ROI reaches 76.16% and total cumulative return in cash sums $200,335. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,581/mo property income covering a $3,913/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84074, Tooele, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,335 (100%) |
| Owner Occupied HU | 16,539 (81.3%) |
| Renter Occupied HU | 3,219 (15.8%) |
| Vacant Housing Units | 577 ( 2.8%) |
| Median Home Value | $444,679 |
| Average Home Value | $471,497 |
Housing Distribution
Address Breakdown
Residential
19,187
Single Family
18,675
Multi-Family
512
Businesses
852
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Nearby investment properties with comparable prices
Listed by: Mckaela Carrigan • Mtn Buff, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2013092
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 12:03:22 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)