24 W Lester Ave UNIT C11MurrayUT84107
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
Investment property for sale in Murray at 24 W Lester Ave UNIT C11, Murray, UT, 84107 uses $77,903 cash to close to unlock $1,474/yr annual cash flow and $123/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $1,150/mo payment keeps the spread at $123/mo. Purchase price stands at $235,000, and rental yield measures 7.66% with $1,500/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 112.55% and total cumulative return in cash records $87,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1974
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84107, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,789 (100%) |
| Owner Occupied HU | 7,299 (38.8%) |
| Renter Occupied HU | 10,112 (53.8%) |
| Vacant Housing Units | 1,378 ( 7.3%) |
| Median Home Value | $561,327 |
| Average Home Value | $606,922 |
Housing Distribution
Address Breakdown
Residential
16,549
Single Family
11,707
Multi-Family
4,842
Businesses
2,220
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices