1583 E Spring Ln SSalt Lake CityUT84117
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
Investment Highlights
Rental property for sale in Salt Lake City at 1583 E Spring Ln S, Salt Lake City, UT, 84117 offers $2,630/mo rent that, after a $6,192/mo payment. Total monthly income is $2,630/mo. Return on cash invested measures 6.36% in year one, and rental yield stands at 2.49% at a $1,265,000 entry. Equity gained on principal adds $8,163/yr while 5% annual appreciation compounds into $349,496 by year five. Five-year ROI records 29.66% and total cumulative return in cash reaches $121,555. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,630/mo property income versus a $6,192/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
0.25 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: Marjie Anderson McDermott • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2028750
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 03:34:31 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)