81 N Elk Ridge DrElk RidgeUT84651
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 Elk Ridge at 81 N Elk Ridge Dr, Elk Ridge, UT, 84651 priced at $318,500 converts $2,210/mo rent into $343/mo cash flow after a $1,559/mo obligation. Total monthly income equals $2,210/mo, and annual cash flow totals $4,117/yr on $105,583 invested. Return on cash invested prints 23.81% in year one, and rental yield reads 8.33% against a $318,500 entry. Equity gained on principal adds $2,055/yr, while 5% annual appreciation compiles into $87,996 by year five. Five-year ROI reaches 123.35% and total cumulative return in cash sums $130,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,210/mo property income covering a $1,559/mo payment, not borrower’s personal income.
Lot
Built in N/A
0.38 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,555
Single Family
9,551
Multi-Family
4
Businesses
510
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Nearby investment properties with comparable prices
Listed by: Shaun Rasmussen • RANLife Real Estate Inc
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1963904
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)