1555 E 3900 S APT 208MillcreekUT84124
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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 Millcreek at 1555 E 3900 S APT 208, Millcreek, UT, 84124 offers a 9.11% rental yield on a $209,000 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $1,023/mo payment leaves $361/mo available for distribution. Annual cash flow reaches $4,332/yr on $69,284 to close, and return on cash invested stands at 26.16% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 135.93% and total cumulative return in cash at $94,178. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84124, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,584 (100%) |
| Owner Occupied HU | 5,990 (69.8%) |
| Renter Occupied HU | 2,179 (25.4%) |
| Vacant Housing Units | 415 ( 4.8%) |
| Median Home Value | $815,928 |
| Average Home Value | $897,025 |
Housing Distribution
Address Breakdown
Residential
8,362
Single Family
7,468
Multi-Family
894
Businesses
444
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