1502 S 2400 ESalt Lake CityUT84108
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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 1502 S 2400 E, Salt Lake City, UT, 84108 offers a 5.41% rental yield on a $1,225,000 purchase with $5,519/mo rent. 35% in year one. Equity gained on principal adds $7,905/yr while 5% annual appreciation supports $338,445 over five years. Portfolio math shows five-year ROI at 77.84% and total cumulative return in cash at $308,940. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,519/mo property income against a $5,996/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84108, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 5,451 (57.6%) |
| Renter Occupied HU | 3,182 (33.7%) |
| Vacant Housing Units | 823 ( 8.7%) |
| Median Home Value | $855,613 |
| Average Home Value | $937,808 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,547
Multi-Family
586
Businesses
299
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Listed by: Thomas Fowler • Align Complete Real Estate Services (900 South)
Mls Name: UtahRealEstate.com
Mls ID: #2109058