1003 W Sterling DrSalt Lake CityUT84116
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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
Investment Highlights
Investment property for sale in Salt Lake City at 1003 W Sterling Dr, Salt Lake City, UT, 84116 earns from $2,507/mo rent with a $2,170/mo payment. Total monthly income totals $2,507/mo. ROI tracks 19.16% on current figures, and rental yield reads 6.79% at a $443,300 purchase. Equity gained on principal adds $2,861/yr, and 5% annual appreciation supports $122,476 over five years. Five-year ROI reaches 98.42% and total cumulative return in cash sums $144,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,507/mo property income instead of your personal income.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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