1903 E Redondo AveSalt 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
Investment property for sale in Salt Lake City at 1903 E Redondo Ave, Salt Lake City, UT, 84108 earns from $2,932/mo rent with a $3,519/mo payment. Total monthly income totals $2,932/mo. ROI tracks 13.56% on current figures, and rental yield reads 4.89% at a $719,000 purchase. Equity gained on principal adds $4,640/yr, and 5% annual appreciation supports $198,646 over five years. Five-year ROI reaches 68.31% and total cumulative return in cash sums $161,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,932/mo property income instead of your personal income.
Single Family
Built in 1944
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: Ali Johnsen • Spark Realty, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2116561