1098 E Lori Way SSalt Lake CityUT84117
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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
Rental property for sale in Salt Lake City at 1098 E Lori Way S, Salt Lake City, UT, 84117 generates $3,415/mo in rent and, after a $2,643/mo payment, leaves $250/mo in cash flow. Total monthly income is $3,415/mo, and annual cash flow is $3,001/yr on $177,627 invested. Return on cash invested sits at 21.75% in year one, and rental yield is 7.59% on a $539,900 entry. Equity gained on principal adds $3,484/yr, while 5% annual appreciation builds toward $149,164 over five years. Five-year ROI reaches 112.27% and total cumulative return in cash sums $199,423. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,415/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84117, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,713 (100%) |
| Owner Occupied HU | 6,830 (58.3%) |
| Renter Occupied HU | 4,124 (35.2%) |
| Vacant Housing Units | 759 ( 6.5%) |
| Median Home Value | $708,777 |
| Average Home Value | $823,925 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
8,354
Multi-Family
2,656
Businesses
1,171
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Listed by: Russ James • Oakwood Realty & Property Management 8 Corp
Mls Name: UtahRealEstate.com
Mls ID: #2128778