230 E Southgate Ave SSalt Lake CityUT84115
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Salt Lake City at 230 E Southgate Ave S, Salt Lake City, UT, 84115 priced at $520,000 converts $3,218/mo rent into $170/mo cash flow after a $2,545/mo obligation. Total monthly income equals $3,218/mo, and annual cash flow totals $2,044/yr on $171,080 invested. Return on cash invested prints 21.26% in year one, and rental yield reads 7.43% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 109.61% and total cumulative return in cash sums $187,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,218/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84115, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,667 (100%) |
| Owner Occupied HU | 4,526 (30.9%) |
| Renter Occupied HU | 9,047 (61.7%) |
| Vacant Housing Units | 1,094 ( 7.5%) |
| Median Home Value | $478,696 |
| Average Home Value | $539,935 |
Housing Distribution
Address Breakdown
Residential
13,505
Single Family
10,696
Multi-Family
2,809
Businesses
2,227
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael A. Carmody • KW South Valley Keller Williams
Mls Name: UtahRealEstate.com
Mls ID: #2131095