1130 W Carmellia Dr #20Salt Lake CityUT84123
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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 1130 W Carmellia Dr #20, Salt Lake City, UT, 84123 generates $1,012/mo in rent and, after a $627/mo payment, leaves $262/mo in cash flow. Total monthly income is $1,012/mo, and annual cash flow is $3,147/yr on $42,432 invested. Return on cash invested sits at 27.33% in year one, and rental yield is 9.49% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 142.25% and total cumulative return in cash sums $60,359. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,012/mo property income rather than buyer’s personal income.
Manufactured
Built in 1972
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84123, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 8,731 (58.4%) |
| Renter Occupied HU | 5,774 (38.6%) |
| Vacant Housing Units | 445 ( 3.0%) |
| Median Home Value | $524,663 |
| Average Home Value | $512,546 |
Housing Distribution
Address Breakdown
Residential
15,171
Single Family
11,598
Multi-Family
3,573
Businesses
858
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Listed by: Rumi Ali • Equity Real Estate (Solid)
Mls Name: UtahRealEstate.com
Mls ID: #2121908