228 E 500 S APT 203Salt 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 203, Salt Lake City, UT, 84111 earns $77/mo cash flow from $1,758/mo rent with a $1,206/mo payment. Total monthly income totals $1,758/mo, and annual cash flow totals $921/yr on $81,715 capital. ROI tracks 21.04% on current figures, and rental yield reads 8.56% at a $246,500 purchase. Equity gained on principal adds $1,591/yr, and 5% annual appreciation supports $68,103 over five years. Five-year ROI reaches 109.72% and total cumulative return in cash sums $89,655. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,758/mo property income instead of your personal income.
Apartment
Built in 1974
435 sqft lot
$N/A/sqft
$237 monthly 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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