Highgrove Plan, Regency at Harmony Place, Salem, UT, 84653 | 6.55% Rental Yield

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Highgrove Plan, Regency at Harmony Place, Salem, UT, 84653 | 6.55% 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

Rental property for sale in Salem at Highgrove Plan, Regency at Harmony Place, Salem, UT, 84653 offers $2,266/mo rent that, after a $2,031/mo payment. Total monthly income is $2,266/mo. Return on cash invested measures 18.46% in year one, and rental yield stands at 6.55% at a $414,990 entry. Equity gained on principal adds $2,678/yr while 5% annual appreciation compounds into $114,654 by year five. Five-year ROI records 94.62% and total cumulative return in cash reaches $130,170. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,266/mo property income versus a $2,031/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

## Three stories of easy living?inside and out An open-concept main floor links kitchen, dining, and great room for everyday flow, while a welcoming front porch and an upper-level deck extend life outdoors. A living room on the first floor is the perfect flex space to suit your lifestyle. **Salem location, adventure on demand** Live minutes from Salem Lake, Salem Pond Park, and Salem City Arrowhead Park, with quick escapes to Loafer Canyon and Spanish Fork Canyon. Tee up at Gladstan Golf Course, celebrate local favorites like Salem Days, and explore the Shri Shri Radha Krishna Temple?home of the vibrant Festival of Colors. Commuting to BYU/Provo or Salt Lake City is simple. **Quick facts** Approx. 1,827 sq. ft., 3 stories, 3 beds, 2.5?3 baths - Open-concept main level with indoor-outdoor connection - Deck + front porch for fresh-air living - Flexible first floor room for personalization - Additional storage and spacious laundry room for daily ease

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