Hailey Plan, Garrett's PlaceSalemUT84653
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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 Salem at Hailey Plan, Garrett's Place, Salem, UT, 84653 offers $3,824/mo rent that, after a $3,538/mo payment. Total monthly income is $3,824/mo. Return on cash invested measures 17.98% in year one, and rental yield stands at 6.35% at a $722,900 entry. Equity gained on principal adds $4,665/yr while 5% annual appreciation compounds into $199,724 by year five. Five-year ROI records 92.03% and total cumulative return in cash reaches $218,873. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,824/mo property income versus a $3,538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,522
Single Family
3,081
Multi-Family
441
Businesses
225
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