2353 E Logan CirSalt Lake CityUT84108
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 2353 E Logan Cir, Salt Lake City, UT, 84108 in Salt Lake City is listed at $800,200 and delivers $5,604/mo in rent and $914/mo in net monthly cash flow. The 8.4% yield and 1.56 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $221,081 over five years, and $7,370/yr in principal reduction supplements cash return. Total projected cumulative return: $361,117.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 5.1% |
| Monthly Cash Flow | $914 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,604 |
| Total Monthly Debt Service | $4,372 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1949
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84108, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 5,451 (57.6%) |
| Renter Occupied HU | 3,182 (33.7%) |
| Vacant Housing Units | 823 ( 8.7%) |
| Median Home Value | $855,613 |
| Average Home Value | $937,808 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,547
Multi-Family
586
Businesses
299
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
Single Family
Built in 1949
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84108, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 5,451 (57.6%) |
| Renter Occupied HU | 3,182 (33.7%) |
| Vacant Housing Units | 823 ( 8.7%) |
| Median Home Value | $855,613 |
| Average Home Value | $937,808 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,547
Multi-Family
586
Businesses
299
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A