2308 S 700 ESalt Lake CityUT84106
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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 2308 S 700 E, Salt Lake City, UT, 84106 earns from $2,388/mo rent with a $5,800/mo payment. Total monthly income totals $2,388/mo. ROI tracks 6.13% on current figures, and rental yield reads 2.42% at a $1,185,000 purchase. Equity gained on principal adds $7,647/yr, and 5% annual appreciation supports $327,394 over five years. Five-year ROI reaches 28.39% and total cumulative return in cash sums $109,014. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,388/mo property income instead of your personal income.
Multi Family
Built in 1984
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
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Listed by: C Scott Dahl • Fenton Properties LLC
Mls Name: UtahRealEstate.com
Mls ID: #2126092