1315 W Gillespie Ave, Salt Lake City, UT, 84104 | 6.24% Rental Yield

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 1315 W Gillespie Ave, Salt Lake City, UT, 84104 generates $2,210/mo in rent, after a $2,080/mo payment. Total monthly income is $2,210/mo. Return on cash invested sits at 17.52% in year one, and rental yield is 6.24% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 89.6% and total cumulative return in cash sums $126,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,210/mo property income rather than buyer’s personal income.

Single Family

Built in 1954

0.27 Acres lot

$N/A/sqft

No HOA