2240 W Heatherglen Dr SSalt Lake CityUT84129
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2240 W Heatherglen Dr S, Salt Lake City, UT, 84129 in Salt Lake City the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $399,950 price is below income-first thresholds, but 5%/yr value growth projects $110,499 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $293.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 5.1% |
| Monthly Cash Flow | $0 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
Multi Family
Built in 1972
5,227 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Multi Family
Built in 1972
5,227 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kevin A Petersen • Market Source Real Estate LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2081231
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-05-01 11:48:49 PDT. 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](/mls-disclaimers/#319)