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Buy a rental in Draper, Utah: current rents, cap rates, which neighborhoods actually cash flow, and what management costs.
Ondo pairs neighborhood-level pricing, prep, and negotiation support with the realities of a $640K median home market in Draper.
Nearby Coverage
Draper's rental market presents a compelling investment opportunity. With a median home price of $640,000 and median rent of $1,900/month, the gross rent multiplier sits at approximately 28.1×, meaning the purchase price represents roughly 28.1 years of gross rental income. Population growth of 2.2% annually, driven by employers like eBay and 1-800 Contacts, supports sustained rental demand. With 22% of Draper households renting, the tenant pool is established and active. We help investors identify properties that generate positive cash flow from day one and build long-term equity in Draper's appreciating market.
Draper sits at the south end of Salt Lake County, close to Silicon Slopes offices and Corner Canyon recreation. Morning commutes to Lehi tech campuses run 15–20 minutes on I-15. Corner Canyon trails draw mountain bikers and trail runners daily, the network connects to BST for 50+ miles of ridgeline paths. Weekends include brunch at local cafes along 12300 South, Cowabunga Bay waterpark, and evening strolls through Draper City Park. CrossFit gyms, climbing gyms, and yoga studios sit along the commercial corridors.
Median Home Price
$640K
Median Rent
$1,900/mo
Population
51,000
Annual Growth
2.2%
Avg Days on Market
28
Owner-Occupied
78%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We define your target returns, budget, preferred property type, and management expectations. Whether you're buying your first rental or adding to a portfolio, we tailor the search to your investment thesis.
For every property we present, you get a cash flow analysis including purchase price, down payment, financing costs, projected rent, operating expenses (vacancy, maintenance, insurance, taxes, management), and net yield. No surprises.
Once you close, our property management team takes over: marketing, tenant placement, rent collection, maintenance, and reporting. You get passive income without the daily operational burden.
School District: Canyons School District
Notable schools: Corner Canyon High School, Draper Park Middle School, Willow Springs Elementary
Upscale south-valley city at the base of the Wasatch Range with world-class mountain biking in Corner Canyon.
Outdoor Activities
Local Landmarks
Returns vary by property, financing, and management approach. In the current market, cash-on-cash returns for a well-purchased rental property typically range from 4–8% before appreciation. Cap rates for single-family rentals generally run 4–6%. Total returns including appreciation, principal paydown, and tax benefits can exceed 12–15% annually. We provide property-specific pro forma analysis so you know exactly what to expect before making an offer.
Investment property loans typically require 15–25% down for a single-family rental and 25% for 2–4 unit properties. Some portfolio lenders offer 10% down for strong borrowers. DSCR (debt service coverage ratio) loans are available for investors who prefer to qualify based on the property's rental income rather than personal income. We help you structure financing that preserves capital for multiple acquisitions.
It depends on your time, proximity, and number of properties. Self-management saves the management fee (typically 8–10% of rent) but requires you to handle tenant calls, maintenance coordination, rent collection, and legal compliance. As your portfolio grows past 2–3 units, the time investment usually exceeds the management fee savings. Our property management service handles everything from day one.
A 1031 exchange lets you defer capital gains taxes when you sell an investment property and reinvest the proceeds into a like-kind replacement property. Strict timelines apply: 45 days to identify replacement properties and 180 days to close. We coordinate with qualified intermediaries and help you identify replacement properties that improve your portfolio's cash flow and appreciation potential.
Twilight exterior photography and 60–90 second video tours consistently boost lead volume and showing conversions.
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Send details for notary, loan signing, property questions, or anything that needs a follow-up from our team.