Loading...
Buy a rental in Roy, 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 $370K median home market in Roy.
Roy's rental market presents a compelling investment opportunity. With a median home price of $370,000 and median rent of $1,350/month, the gross rent multiplier sits at approximately 22.8×, meaning the purchase price represents roughly 22.8 years of gross rental income. Population growth of 1.4% annually, driven by employers like Hill Air Force Base and Weber School District, supports sustained rental demand. With 32% of Roy 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 Roy's appreciating market.
Roy's daily rhythm is shaped by Hill Air Force Base, shift changes fill 1900 West with commuters heading to defense contractors like Northrop Grumman and Boeing. Roy Aquatic Center and the city's parks are heavily used rec amenities. Weekend errands center on the Riverdale Road retail corridor just south. Roy Days in June is the signature community event with carnival rides, a parade, and live music. Dining options include local burger joints and Asian restaurants scattered along 5600 South. The FrontRunner station gives car-free access to Salt Lake City in about 50 minutes.
Median Home Price
$370K
Median Rent
$1,350/mo
Population
40,000
Annual Growth
1.4%
Avg Days on Market
23
Owner-Occupied
68%
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: Weber School District
Notable schools: Roy High School, Roy Junior High, Midland Elementary
Flat, expansive city west of I-15 developed largely around Hill Air Force Base employment.
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.
12 months is standard; many households renew at 24 months given commute convenience.
View available times and book a free 30-minute consultation
Send details for notary, loan signing, property questions, or anything that needs a follow-up from our team.