1559 E 4160 S, Millcreek, UT, 84124 | 5.46% Rental Yield

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1559 E 4160 S, Millcreek, UT, 84124 | 5.46% Rental Yield | Ziffy

For Sale

Listed for sale 6 days ago

Ziffy Mortgage

NMLS #2625701

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1550 E 4160 S, Millcreek, UT, 84124

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

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Investment Highlights

Investment property for sale in Millcreek at 1559 E 4160 S, Millcreek, UT, 84124 offers a 5.46% rental yield on a $650,000 purchase with $2,960/mo rent. 29% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 77.63% and total cumulative return in cash at $166,022. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,960/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Millcreek single-level rambler/ranch style home, with charm, good flow, and striking views of the Wasatch Mountains from the living room picture window. This sunny home also includes hardwood floors, a primary bedroom, ensuite bath, and walk-in closet, as well as a second bedroom and full bath. Spacious family room connected to a nicely remodeled kitchen (stainless steel appliances, quartz counters and shaker cabinets!) and easy, enviable indoor-outdoor living - ideal for entertaining, or the simple daily joy of abundant communal space. Well-designed, water-wise xeriscaped yard. Two patios, one covered, one open. Backyard shed, garden boxes, evergreens. Newer roof. Fresh paint. Attached garage. Located on a neighborhood block, yet close to parks, restaurants, schools, and St Mark's Hospital. A quick drive to Millcreek Canyon, and less than 20 minutes to the U of U and/or Downtown Salt Lake City.

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