Real Estate Investing in Elsinore, Utah (84724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 84724 (Elsinore, UT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 14.5% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Elsinore, UT (84724)?
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Market Analysis: 84724 Elsinore
Investors eyeing 84724 need to respect the fundamentals at play. Home values of $234K come alongside slower price movement and elevated management overhead.
Rent of $999/mo on a $234K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 84724 sits below the stated 0.0% once reality is priced in.
Regionally, 84724 sits on the difficult end of the UT spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 84724 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 84724 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Elsinore:
Market Trends
Home Value History (with trend line)
📊 How Does 84724 Compare?
| Metric | 84724 | Elsinore | Utah |
|---|---|---|---|
| Home Value | $233,874 | $233,874 | $530,173 |
| 5-Year CAGR | N/A | N/A | 7.0% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 84724 (Elsinore, UT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,874 |
| Monthly Rent | $999 |
| Price-to-Rent | 19.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +17.7% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 84724
Population: 1,207
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Where do home prices stand in Elsinore, UT?
Elsinore, UT home values average about $234K. That price point suits investors targeting rentals with $999/mo in monthly income.
Is Elsinore, UT suited for a house hack?
The a challenging house-hack environment in Elsinore, UT reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are eviction rules reasonable in Elsinore, UT?
For rental operators, Elsinore, UT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What do rentals go for in Elsinore, UT?
Average rent in Elsinore, UT is approximately $999/mo per month. Against $234K home values that yields a reasonable rent-to-price ratio.
What is the typical renter like in Elsinore, UT?
Tenant quality in Elsinore, UT ranks as solid. Landlords generally report measured occupancy at market rents of $999/mo.
You know 84724 now. You don’t know where it ranks.
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