2203 E Carriage Ln S #55Salt Lake CityUT84117
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 2203 E Carriage Ln S #55, Salt Lake City, UT, 84117 in Salt Lake City earns a 9.47% gross yield at $375,900. Rent of $2,968/mo nets $764/mo after the $1,690/mo mortgage. The 1.76 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $103,854 and $3,462/yr in equity accumulation project a total cumulative return of $191,248.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 5.1% |
| Monthly Cash Flow | $764 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,968 |
| Total Monthly Debt Service | $2,054 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1964
435.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1964
435.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas (Niko) Kambouris • Rize Property Management
Mls Name: UtahRealEstate.com
Mls ID: #2106511