Konlee Plan, Lake Ridge FarmsOremUT84058
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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 Orem at Konlee Plan, Lake Ridge Farms, Orem, UT, 84058 offers $4,492/mo rent that, after a $4,542/mo payment. Total monthly income is $4,492/mo. Return on cash invested measures 16.34% in year one, and rental yield stands at 5.81% at a $927,900 entry. Equity gained on principal adds $5,988/yr while 5% annual appreciation compounds into $256,362 by year five. Five-year ROI records 83.23% and total cumulative return in cash reaches $254,099. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,492/mo property income versus a $4,542/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84058, Orem, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,074 (100%) |
| Owner Occupied HU | 5,252 (43.5%) |
| Renter Occupied HU | 6,095 (50.5%) |
| Vacant Housing Units | 727 ( 6.0%) |
| Median Home Value | $572,925 |
| Average Home Value | $591,803 |
Housing Distribution
Address Breakdown
Residential
11,281
Single Family
9,995
Multi-Family
1,286
Businesses
890
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