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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Salem at 713 N 220 E, Salem, UT, 84653 offers a 7.4% rental yield on a $319,000 purchase with $1,968/mo rent. 58% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 96.16% and total cumulative return in cash at $101,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,968/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2016
871.20 sqft lot
$N/A/sqft
$216 monthly HOA
Neighborhood data shown for ZIP Code: 84653, Salem, UT area.
| 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 |
Residential
3,522
Single Family
3,081
Multi-Family
441
Businesses
225
Date | Event | Price |
|---|---|---|
| 2024-09-24 | Listed for sale | $319,000 |
| 2020-02-19 | Listing removed | $229,500 |
| 2020-01-28 | Listed for sale | $229,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-17 | $1646.21 | 17.38% | $299,400 | 141.83% |
| 2021-10-17 | $1402.46 | 1.36% | $123,805 | -42.71% |
| 2020-10-17 | $1383.59 | 16.15% | $216,100 | 106.79% |
Listed by: Kyle Tucker • Real Broker, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2025194
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 20:43:35 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)
