1420 E Spring Ln SSalt Lake CityUT84117
INVESTMENT ANALYSIS
Investment Verdict
Solid Income1420 E Spring Ln S, Salt Lake City, UT, 84117 in Salt Lake City is a solid income-producing rental, 8.79% gross yield, $6,954/mo rent, $1,392/mo net cash flow on a $949,000 buy. DSCR 1.63 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $262,191 and $8,740/yr in principal reduction project a total cumulative return of $448,067.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 5.1% |
| Monthly Cash Flow | $1,392 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,954 |
| Total Monthly Debt Service | $5,185 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1951
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84117, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,713 (100%) |
| Owner Occupied HU | 6,830 (58.3%) |
| Renter Occupied HU | 4,124 (35.2%) |
| Vacant Housing Units | 759 ( 6.5%) |
| Median Home Value | $708,777 |
| Average Home Value | $823,925 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
8,354
Multi-Family
2,656
Businesses
1,171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1951
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84117, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,713 (100%) |
| Owner Occupied HU | 6,830 (58.3%) |
| Renter Occupied HU | 4,124 (35.2%) |
| Vacant Housing Units | 759 ( 6.5%) |
| Median Home Value | $708,777 |
| Average Home Value | $823,925 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
8,354
Multi-Family
2,656
Businesses
1,171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meg Averett • The Group Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2133417