114 Birmingham LnNorth 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
Rental property for sale in North Salt Lake at 114 Birmingham Ln, North Salt Lake, UT, 84054 priced at $380,000 converts $2,660/mo rent into $433/mo cash flow after a $1,860/mo obligation. Total monthly income equals $2,660/mo, and annual cash flow totals $5,192/yr on $125,970 invested. Return on cash invested prints 24.03% in year one, and rental yield reads 8.4% against a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation compiles into $104,987 by year five. Five-year ROI reaches 124.51% and total cumulative return in cash sums $156,841. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,660/mo property income covering a $1,860/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
435.60 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: Mark Smith • KW Success Keller Williams Realty (Layton)
Mls Name: UtahRealEstate.com
Mls ID: #2104417