1374 N Miami CirSalt 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 1374 N Miami Cir, Salt Lake City, UT, 84116 uses $149,208 cash to close to unlock $3,563/yr annual cash flow and $297/mo monthly cash flow. Total monthly income runs $2,935/mo, and a $2,203/mo payment keeps the spread at $297/mo. Purchase price stands at $450,100, and rental yield measures 7.82% with $2,935/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $124,354 over five years. Five-year ROI reaches 115.21% and total cumulative return in cash records $171,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,935/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1987
5,662 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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