2209 E Carriage Ln S #42Salt Lake CityUT84117
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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 2209 E Carriage Ln S #42, Salt Lake City, UT, 84117 earns $222/mo cash flow from $2,039/mo rent with a $1,517/mo payment. Total monthly income totals $2,039/mo, and annual cash flow totals $2,668/yr on $102,765 capital. ROI tracks 22.51% on current figures, and rental yield reads 7.89% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 116.36% and total cumulative return in cash sums $119,575. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,039/mo property income instead of your personal income.
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
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Listed by: Rebecca Lynn Whetzel Seat • Century 21 Everest
Mls Name: UtahRealEstate.com
Mls ID: #2109951