1896 W Quarter Horse AveSalt Lake CityUT84116
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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 1896 W Quarter Horse Ave, Salt Lake City, UT, 84116 generates $3,031/mo in rent, after a $2,545/mo payment. Total monthly income is $3,031/mo. Return on cash invested sits at 19.94% in year one, and rental yield is 6.99% on a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 102.58% and total cumulative return in cash sums $175,487. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,031/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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Listed by: Lynn Griese • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls ID: #2102346