Pendleton Plan, Carson Ridge - Salem, Salem, UT, 84653 | 3.88% Rental Yield

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Pendleton Plan, Carson Ridge - Salem, Salem, UT, 84653 | 3.88% Rental Yield | Ziffy

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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

Total monthly income runs $2,266/mo, and a $3,426/mo payment. Purchase price stands at $699,990, and rental yield measures 3.88% with $2,266/mo rent. Return on cash invested shows 10.49% in year one, and 5% annual appreciation builds toward $193,394 over five years. Five-year ROI reaches 51.87% and total cumulative return in cash records $119,449. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,266/mo property income covering a $3,426/mo payment rather than investor’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Pendleton rambler floor plan provides ample space for your family with 3 bedrooms and 2 bathrooms. A flex room at the front can be transformed into your dream space-a tranquil home office, music room, or play room, the choice is yours. Just beyond the entry hallway, the home opens up to the spacious family room, kitchen, and dining room with large windows that flood the main level with natural light. And when it's time to unwind, retreat to the expansive primary bedroom, complete with a luxurious walk-in closet and spa-like primary bath. With quality finishes and an unfinished basement that offers potential for future rooms, the Pendleton provides the perfect blend of space, style, and sophistication for families seeking to upgrade to their dream home.

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