Princeton Plan, Enclave at Harmony Place, Salem, UT, 84653 | 6.4% Rental Yield

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Princeton Plan, Enclave at Harmony Place, Salem, UT, 84653 | 6.4% Rental Yield | Ziffy

For Sale

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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 Princeton Plan, Enclave at Harmony Place, Salem, UT, 84653 priced at $424,990 pairs $2,266/mo rent with after a $2,080/mo payment. Total monthly income equals $2,266/mo. Return on cash invested is 17.99% in year one, and rental yield stands at 6.4% on a $424,990 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,417 by year five. Five-year ROI measures 92.15% and total cumulative return in cash reaches $129,830. For financing, Ziffy Mortgage’s DSCR program evaluates $2,266/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

## Making daily life easier Welcome to the Princeton: a well-proportioned two-story that makes daily life easy. At 1,770 sq. ft., this plan pairs an open kitchen?dining?great room with an oversized pantry and additional storage so everything has its place. Upstairs, a spacious primary suite with an oversized closet gives you a calm retreat, while two secondary bedrooms and 2.5 baths keep mornings moving. An inviting front porch adds curb appeal and a natural hello. ### Close to what you love in southern Utah County Live minutes from Salem Lake, Salem Pond Park, and trailheads into Loafer Canyon and Spanish Fork Canyon. Tee off at Gladstan Golf Course, meet friends at Salem City Arrowhead Park, and enjoy hometown traditions like Salem Days and the vibrant Festival of Colors at the Shri Shri Radha Krishna Temple. Daily connections are simple with convenient access to BYU in Provo and the greater Salt Lake City corridor. ### Why Princeton works for real life Seamless open-concept main level for cooking, dining, and relaxing - Oversized pantry plus extra storage to cut the clutter - Generous primary bedroom with an oversized walk-in closet - Welcoming front porch and balanced 3-bed, 2.5-bath layout ### Plan snapshot Starting at: $425K - Bedrooms: 3 | Bathrooms: 2.5 | Stories: 2 - Square footage: 1,770 sq. ft. - Garage: 2-car - Available features: Open-Concept, Oversized Pantry, Oversized Primary Closet, Additional Storage, Front Porch

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