1156 E 3300 S APT 312MillcreekUT84106
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Millcreek at 1156 E 3300 S APT 312, Millcreek, UT, 84106 generates $2,198/mo in rent, after a $1,850/mo payment. Total monthly income is $2,198/mo. Return on cash invested sits at 15.83% in year one, and rental yield is 6.98% on a $378,000 entry. Equity gained on principal adds $2,439/yr, while 5% annual appreciation builds toward $104,434 over five years. Five-year ROI reaches 81.94% and total cumulative return in cash sums $102,681. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,198/mo property income rather than buyer’s personal income.
Condo
Built in 2003
435.60 sqft lot
$N/A/sqft
$409 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annie Trujillo • KW Salt Lake City Keller Williams Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2083794
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-05-13 12:26:22 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#319)