764 N Burke Ln, Elk Ridge, UT, 84651 | 6.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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764 N Burke Ln, Elk Ridge, UT, 84651 | 6.24% 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

Investment property for sale in Elk Ridge at 764 N Burke Ln, Elk Ridge, UT, 84651 earns from $4,420/mo rent with a $4,160/mo payment. Total monthly income totals $4,420/mo. ROI tracks 17.65% on current figures, and rental yield reads 6.24% at a $849,900 purchase. Equity gained on principal adds $5,484/yr, and 5% annual appreciation supports $234,812 over five years. Five-year ROI reaches 90.27% and total cumulative return in cash sums $252,410. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,420/mo property income instead of your personal income.

Single Family

Built in 2013

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

First Colony Mortgage 1+1 temporary buydown program offers qualified buyers 1% interest rate reduction for 2 years! Inquire for more info! This stunning home shows like new! Step inside to a bright and open great room featuring vaulted ceilings and beautiful finishes throughout. The spacious kitchen and living area flow seamlessly-perfect for entertaining or everyday living. Laundry and master are on the main floor which is ideal for main floor living! The fully finished basement offers a comfortable gathering area complete with a dry bar, perfect for hosting friends and family. Situated on a desirable corner lot, this home boasts a sports court and playground in the backyard, RV parking along the side, and plenty of space to play and unwind. Featuring: Fully fenced Simtek eco stone fence. double 6 foot gate and additional man gate. Water softener, security system, programmable exterior lighting, professional grade roof ice melt system, Aeroseal HVAC ductwork sealing for maximum home efficiency installed 2024, upgraded attic insulation. Built in garage shelving, tinted southwest and west facing windows. New LVP flooring, carpet throughout, upgraded Moen faucets interior light fixtures 2024. Wired for 50A/220V hot tub dedicated breaker. Active radon mitigation system.

Neighborhood Data

Neighborhood data shown for ZIP Code: 84651, Payson, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,360 (100%)
Owner Occupied HU	7,284 (77.8%)
Renter Occupied HU	1,834 (19.6%)
Vacant Housing Units	242 ( 2.6%)
Median Home Value	$558,916
Average Home Value	$577,660