2215 E 3205 SMillcreekUT84109
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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 Millcreek at 2215 E 3205 S, Millcreek, UT, 84109 generates $5,770/mo in rent, after a $8,737/mo payment. Total monthly income is $5,770/mo. Return on cash invested sits at 10.63% in year one, and rental yield is 3.88% on a $1,785,000 entry. Equity gained on principal adds $11,518/yr, while 5% annual appreciation builds toward $493,163 over five years. Five-year ROI reaches 52.56% and total cumulative return in cash sums $303,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,770/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84109, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 6,697 (72.5%) |
| Renter Occupied HU | 2,277 (24.7%) |
| Vacant Housing Units | 262 ( 2.8%) |
| Median Home Value | $788,779 |
| Average Home Value | $840,206 |
Housing Distribution
Address Breakdown
Residential
9,145
Single Family
9,019
Multi-Family
126
Businesses
707
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