1460 Highland Cove Ln APT 223Salt Lake CityUT84106
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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
Rental property for sale in Salt Lake City at 1460 Highland Cove Ln APT 223, Salt Lake City, UT, 84106 generates $1,994/mo in rent and, after a $1,287/mo payment, leaves $453/mo in cash flow. Total monthly income is $1,994/mo, and annual cash flow is $5,433/yr on $87,185 invested. Return on cash invested sits at 26.14% in year one, and rental yield is 9.1% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 135.84% and total cumulative return in cash sums $118,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,994/mo property income rather than buyer’s personal income.
Condo
Built in 1981
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
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Listed by: Kimberly R. Stubbs • Equity Real Estate (Advantage)
Mls Name: UtahRealEstate.com
Mls ID: #2102107