1826 E Spring Ln SSalt Lake CityUT84117
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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 1826 E Spring Ln S, Salt Lake City, UT, 84117 generates $6,954/mo in rent, after a $7,586/mo payment. Total monthly income is $6,954/mo. Return on cash invested sits at 15.28% in year one, and rental yield is 5.38% on a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation builds toward $428,236 over five years. Five-year ROI reaches 77.47% and total cumulative return in cash sums $389,077. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,954/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
10,454 sqft 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
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Listed by: Sean Housel • Summit Sotheby's International Realty
Mls Name: UtahRealEstate.com
Mls ID: #2130642