228 E 500 S APT 202Salt Lake CityUT84111
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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 228 E 500 S APT 202, Salt Lake City, UT, 84111 uses $82,544 cash to close to unlock $2,284/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $1,219/mo payment keeps the spread at $190/mo. Purchase price stands at $249,000, and rental yield measures 7.95% with $1,650/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 117.29% and total cumulative return in cash records $96,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 2004
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84111, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,746 (100%) |
| Owner Occupied HU | 1,668 (17.1%) |
| Renter Occupied HU | 6,554 (67.2%) |
| Vacant Housing Units | 1,524 (15.6%) |
| Median Home Value | $588,441 |
| Average Home Value | $645,159 |
Housing Distribution
Address Breakdown
Residential
8,957
Single Family
3,984
Multi-Family
4,973
Businesses
1,338
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Listed by: Carmen Crane • Real Broker, LLC (Draper)
Mls Name: UtahRealEstate.com
Mls ID: #2094496