1608 S 1500 ESalt Lake CityUT84105
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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 Salt Lake City at 1608 S 1500 E, Salt Lake City, UT, 84105 offers a 5.56% rental yield on a $739,000 purchase with $3,426/mo rent. 59% in year one. Equity gained on principal adds $4,769/yr while 5% annual appreciation supports $204,172 over five years. Portfolio math shows five-year ROI at 79.22% and total cumulative return in cash at $192,608. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,426/mo property income against a $3,617/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84105, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,026 (100%) |
| Owner Occupied HU | 5,470 (54.6%) |
| Renter Occupied HU | 4,116 (41.1%) |
| Vacant Housing Units | 440 ( 4.4%) |
| Median Home Value | $684,787 |
| Average Home Value | $750,368 |
Housing Distribution
Address Breakdown
Residential
9,670
Single Family
9,010
Multi-Family
660
Businesses
337
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Listed by: Peter Clark • Windermere Real Estate (9th & 9th)
Mls Name: UtahRealEstate.com
Mls ID: #2106857