209 E Ramona Ave SSalt Lake CityUT84115
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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 209 E Ramona Ave S, Salt Lake City, UT, 84115 priced at $512,000 pairs $2,536/mo rent with after a $2,506/mo payment. Total monthly income equals $2,536/mo. Return on cash invested is 16.75% in year one, and rental yield stands at 5.94% on a $512,000 basis. Equity gained on principal adds $3,304/yr, and 5% annual appreciation accumulates to $141,456 by year five. Five-year ROI measures 85.46% and total cumulative return in cash reaches $143,947. For financing, Ziffy Mortgage’s DSCR program evaluates $2,536/mo property income against a $2,506/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84115, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,667 (100%) |
| Owner Occupied HU | 4,526 (30.9%) |
| Renter Occupied HU | 9,047 (61.7%) |
| Vacant Housing Units | 1,094 ( 7.5%) |
| Median Home Value | $478,696 |
| Average Home Value | $539,935 |
Housing Distribution
Address Breakdown
Residential
13,505
Single Family
10,696
Multi-Family
2,809
Businesses
2,227
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Listed by: Joel Carson • Utah Real Estate PC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2064642
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-20 01:55:38 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)