1601 W 400 S APT 23Salt Lake CityUT84104
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
Investment property for sale in Salt Lake City at 1601 W 400 S APT 23, Salt Lake City, UT, 84104 listed at $198,700 pairs $1,786/mo rent with a $973/mo payment to leave $421/mo cash flow. Total monthly income runs $1,786/mo, and annual cash flow reaches $5,051/yr on $65,869 cash to close. Return on cash invested measures 27.58% in year one, and rental yield registers 10.79% at a $198,700 basis. Equity gained on principal adds $1,282/yr, and annual property appreciation at 5% supports $54,897 by year five. Five-year ROI tracks 144.84% and total cumulative return in cash totals $95,408. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,786/mo property income relative to a $973/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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)