238 N Silver Star DrSalt Lake CityUT84116
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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
Rental property for sale in Salt Lake City at 238 N Silver Star Dr, Salt Lake City, UT, 84116 offers $3,130/mo rent that, after a $2,198/mo payment, leaves $498/mo cash flow. Total monthly income is $3,130/mo, and annual cash flow is $5,976/yr on $148,844 cash. Return on cash invested measures 23.92% in year one, and rental yield stands at 8.37% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 123.93% and total cumulative return in cash reaches $184,468. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,130/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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Listed by: Wayne Burton • Equity Real Estate (West)
Mls Name: UtahRealEstate.com
Mls ID: #2118776