229 S 1200 ESalt Lake CityUT84102
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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 229 S 1200 E, Salt Lake City, UT, 84102 earns from $5,306/mo rent with a $6,461/mo payment. Total monthly income totals $5,306/mo. ROI tracks 13.55% on current figures, and rental yield reads 4.82% at a $1,320,000 purchase. Equity gained on principal adds $8,518/yr, and 5% annual appreciation supports $364,692 over five years. Five-year ROI reaches 68.19% and total cumulative return in cash sums $291,655. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,306/mo property income instead of your personal income.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84102, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,935 (100%) |
| Owner Occupied HU | 2,027 (18.5%) |
| Renter Occupied HU | 7,757 (70.9%) |
| Vacant Housing Units | 1,151 (10.5%) |
| Median Home Value | $643,910 |
| Average Home Value | $708,535 |
Housing Distribution
Address Breakdown
Residential
9,985
Single Family
4,472
Multi-Family
5,513
Businesses
688
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Listed by: Whitney Averett Fautin • Summit Sotheby's International Realty
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2018401
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 06:10:40 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](/info/mls-disclaimers/#mls_319)