1769 E Herbert Ave SSalt Lake CityUT84108
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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
Rental property for sale in Salt Lake City at 1769 E Herbert Ave S, Salt Lake City, UT, 84108 generates $3,382/mo in rent, after a $6,363/mo payment. Total monthly income is $3,382/mo. Return on cash invested sits at 8.3% in year one, and rental yield is 3.12% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 40.04% and total cumulative return in cash sums $168,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,382/mo property income rather than buyer’s personal income.
Single Family
Built in 1927
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84108, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 5,451 (57.6%) |
| Renter Occupied HU | 3,182 (33.7%) |
| Vacant Housing Units | 823 ( 8.7%) |
| Median Home Value | $855,613 |
| Average Home Value | $937,808 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,547
Multi-Family
586
Businesses
299
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Listed by: Dorthy Androulidakis • Summit Sotheby's International Realty
Mls Name: UtahRealEstate.com
Mls ID: #2114113