1601 W 400 S APT 23Salt Lake CityUT84104
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 1601 W 400 S APT 23, Salt Lake City, UT, 84104 in Salt Lake City. At $198,700 it earns $1,786/mo in rent and distributes $421/mo to the owner after the $893/mo payment, a consistent 10.78% yield. DSCR 2.00 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $54,897 in value; $1,830/yr in principal paydown compounds ownership stake. Total projected return: $103,072.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 5.1% |
| Monthly Cash Flow | $421 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,786 |
| Total Monthly Debt Service | $1,286 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
435.60 sqft lot
$N/A/sqft
$200 monthly HOA
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
Condo
Built in 1973
435.60 sqft lot
$N/A/sqft
$200 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Scott Bishop • Equity Real Estate (Select)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2030793
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-19 16:52:50 PST. 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)