1280 E 3rd AveSalt Lake CityUT84103
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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 1280 E 3rd Ave, Salt Lake City, UT, 84103 generates $4,823/mo in rent, after a $6,852/mo payment. Total monthly income is $4,823/mo. Return on cash invested sits at 11.42% in year one, and rental yield is 4.13% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 56.79% and total cumulative return in cash sums $257,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,823/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
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Listed by: Page Juliano • Summit Sotheby's - 625 Main
Mls Name: PCBR
Mls Provider:
Mls ID: #12501748
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