1240 S 400 ESalt Lake CityUT84111
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 Salt Lake City at 1240 S 400 E, Salt Lake City, UT, 84111 generates $4,061/mo in rent, after a $3,495/mo payment. Total monthly income is $4,061/mo. Return on cash invested sits at 19.43% in year one, and rental yield is 6.83% on a $714,000 entry. Equity gained on principal adds $4,607/yr, while 5% annual appreciation builds toward $197,265 over five years. Five-year ROI reaches 99.78% and total cumulative return in cash sums $234,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,061/mo property income rather than buyer’s personal income.
Single Family
Built in 1903
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84111, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,746 (100%) |
| Owner Occupied HU | 1,668 (17.1%) |
| Renter Occupied HU | 6,554 (67.2%) |
| Vacant Housing Units | 1,524 (15.6%) |
| Median Home Value | $588,441 |
| Average Home Value | $645,159 |
Housing Distribution
Address Breakdown
Residential
8,957
Single Family
3,984
Multi-Family
4,973
Businesses
1,338
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Hunlow • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls ID: #2119038