241 N Vine St E #207WSalt Lake CityUT84103
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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 241 N Vine St E #207W, Salt Lake City, UT, 84103 uses $132,600 cash to close to unlock $244/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $2,365/mo, and a $1,958/mo payment keeps the spread at $20/mo. Purchase price stands at $400,000, and rental yield measures 7.09% with $2,365/mo rent. Return on cash invested shows 20.09% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 103.41% and total cumulative return in cash records $137,128. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,365/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Condo
Built in 1977
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
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Listed by: Jeremy Osguthorpe • Realtypath LLC (Platinum)
Mls Name: UtahRealEstate.com
Mls ID: #2132397