85 N Parkside LoopElk RidgeUT84651
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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
Investment Highlights
Rental property for sale in Elk Ridge at 85 N Parkside Loop, Elk Ridge, UT, 84651 priced at $585,000 converts $2,303/mo rent into after a $2,863/mo obligation. Total monthly income equals $2,303/mo. Return on cash invested prints 13.04% in year one, and rental yield reads 4.72% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 65.56% and total cumulative return in cash sums $126,186. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,303/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Multi Family
Built in 2022
2,178 sqft 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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