Stanford Plan, Enclave at Harmony Place, Salem, UT, 84653 | 6.55% Rental Yield

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Stanford Plan, Enclave 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

Investment property for sale in Salem at Stanford Plan, Enclave at Harmony Place, Salem, UT, 84653 listed at $414,990 pairs $2,266/mo rent with a $2,031/mo payment. Total monthly income runs $2,266/mo. Return on cash invested measures 18.46% in year one, and rental yield registers 6.55% at a $414,990 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,654 by year five. Five-year ROI tracks 94.62% and total cumulative return in cash totals $130,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,266/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

## A smart two-story layout with room to grow At 1,772 sq. ft., the Stanford pairs an open-concept kitchen, dining, and great room with an oversized pantry and extra storage that keeps everyday life running smoothly. A welcoming front porch sets the tone outside, while an expansive primary suite with an oversized closet gives you a private retreat inside. Four bedrooms and 2.5 baths make it easy to host, work, and unwind. ### Close to everything you want in southern Utah County Weekend paddle at Salem Lake, sunset walks at Salem Pond Park, or a quick escape to Loafer Canyon and Spanish Fork Canyon?it?s all nearby. Tee off at Gladstan Golf Course, relax at Salem City Arrowhead Park, and enjoy local traditions like Salem Days and the colorful 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. ### What makes the Stanford stand out Open kitchen?dining?great room for easy everyday living - Oversized pantry/butler plus additional storage to cut the clutter - Large primary bedroom with an oversized walk-in closet - Inviting front porch and balanced 4-bed, 2.5-bath layout ### Plan snapshot Starting at: $415K - Bedrooms: 4 | Bathrooms: 2.5 | Stories: 2 - Square footage: 1,772 sq. ft. - Garage: 2-car - Available features: Open-concept living, 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