1036 E Fairway DrNorth Salt LakeUT84054
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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 North Salt Lake at 1036 E Fairway Dr, North Salt Lake, UT, 84054 offers a 5.73% rental yield on a $1,025,000 purchase with $4,891/mo rent. 33% in year one. Equity gained on principal adds $6,614/yr while 5% annual appreciation supports $283,189 over five years. Portfolio math shows five-year ROI at 83.14% and total cumulative return in cash at $276,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,891/mo property income against a $5,017/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84054, North Salt Lake, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,857 (100%) |
| Owner Occupied HU | 5,223 (66.5%) |
| Renter Occupied HU | 2,376 (30.2%) |
| Vacant Housing Units | 258 ( 3.3%) |
| Median Home Value | $594,821 |
| Average Home Value | $625,380 |
Housing Distribution
Address Breakdown
Residential
7,936
Single Family
7,930
Multi-Family
6
Businesses
838
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Listed by: Austin M Schwartz • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls ID: #2093744