1284 W Canary St S #221, Salt Lake City, UT, 84123 | $179/mo Cash Flow

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1284 W Canary St S #221, Salt Lake City, UT, 84123 | $179/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Salt Lake City at 1284 W Canary St S #221, Salt Lake City, UT, 84123 generates $783/mo in rent and, after a $504/mo payment, leaves $179/mo in cash flow. Total monthly income is $783/mo, and annual cash flow is $2,153/yr on $34,145 invested. Return on cash invested sits at 26.21% in year one, and rental yield is 9.12% on a $103,000 entry. Equity gained on principal adds $665/yr, while 5% annual appreciation builds toward $28,457 over five years. Five-year ROI reaches 136.32% and total cumulative return in cash sums $46,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $783/mo property income rather than buyer’s personal income.

Manufactured

Built in 1994

N/A lot

$N/A/sqft

No HOA

More details about the property

Drive on by to Canary Street and you will find this spacious double wide for you and your family to enjoy! Featuring 3 spacious bedrooms and 2 full bathrooms! New Roof(2025)! Location! Location! Location! Located in the community of Meadowbrook Village! Just down the street from all the necessities of life; shopping, entertainment, freeway entrances! we have MANY financing options for this type of property! Call today! Sq. ft. provided as a courtesy measurement only! Buyer/ Buyer Broker to verify all information!

Neighborhood Data

Neighborhood data shown for ZIP Code: 84123, Salt Lake City, UT area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,950 (100%)
Owner Occupied HU	8,731 (58.4%)
Renter Occupied HU	5,774 (38.6%)
Vacant Housing Units	445 ( 3.0%)
Median Home Value	$524,663
Average Home Value	$512,546