709 W 800 S, Salem, UT, 84653 | 4.6% Rental Yield

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Price: $300K - 500K

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709 W 800 S, Salem, UT, 84653 | 4.6% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salem at 709 W 800 S, Salem, UT, 84653 generates $2,969/mo in rent, after a $3,793/mo payment. Total monthly income is $2,969/mo. Return on cash invested sits at 12.66% in year one, and rental yield is 4.6% on a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation builds toward $214,118 over five years. Five-year ROI reaches 63.48% and total cumulative return in cash sums $161,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,969/mo property income rather than buyer’s personal income.

Single Family

Built in 1977

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Beautiful Salem property with endless potential! This 3 bed, 2 bath home sits on an incredible 2-acre lot, offering space, privacy, and unbeatable views. Inside, you'll love the oversized family room, perfect for gatherings, entertaining, or creating a comfortable multi-use living space. The unfinished basement is a huge bonus-ready for you to design and finish exactly the way you want, whether that's more bedrooms, a theater room, gym, or additional living area. Outside, you'll find a 2-car garage, plenty of open space, and 3 shares of Salem Canal Water Company water, making it ideal for gardening, animals, landscaping, or future plans. Properties like this don't come around often-the land, location, and potential make this a rare find in Salem.

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