1261 E Sherman AveSalt Lake CityUT84105
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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
Total monthly income runs $3,038/mo, and a $3,426/mo payment. Purchase price stands at $699,999, and rental yield measures 5.21% with $3,038/mo rent. Return on cash invested shows 14.51% in year one, and 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 73.44% and total cumulative return in cash records $169,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,038/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 1951
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84105, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,026 (100%) |
| Owner Occupied HU | 5,470 (54.6%) |
| Renter Occupied HU | 4,116 (41.1%) |
| Vacant Housing Units | 440 ( 4.4%) |
| Median Home Value | $684,787 |
| Average Home Value | $750,368 |
Housing Distribution
Address Breakdown
Residential
9,670
Single Family
9,010
Multi-Family
660
Businesses
337
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Listed by: Evelyn Chandler • Presidio Real Estate (South Valley)
Mls Name: UtahRealEstate.com
Mls ID: #2115110