2150 Main St #315Salt 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
Investment property for sale in Salt Lake City at 2150 Main St #315, Salt Lake City, UT, 84115 offers a 8.53% rental yield on a $359,000 purchase with $2,552/mo rent. Total monthly income registers $2,552/mo, and a $1,757/mo payment leaves $448/mo available for distribution. Annual cash flow reaches $5,376/yr on $119,009 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 126.61% and total cumulative return in cash at $150,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,552/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
435.60 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: Leigh Anne Bernal • Homeworks Property Lab, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2120443