1301 N 1500 WSalt Lake CityUT84116
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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
Investment property for sale in Salt Lake City at 1301 N 1500 W, Salt Lake City, UT, 84116 earns from $2,465/mo rent with a $2,325/mo payment. Total monthly income totals $2,465/mo. ROI tracks 17.48% on current figures, and rental yield reads 6.23% at a $474,999 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,233 over five years. Five-year ROI reaches 89.37% and total cumulative return in cash sums $140,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,465/mo property income instead of your personal income.
Single Family
Built in 1954
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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Listed by: Jeremy Brand • NRE
Mls Name: UtahRealEstate.com
Mls ID: #2104137