243 S Elizabeth St ESalt Lake CityUT84102
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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 243 S Elizabeth St E, Salt Lake City, UT, 84102 priced at $1,395,000 pairs $3,000/mo rent with after a $6,828/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 6.63% in year one, and rental yield stands at 2.58% on a $1,395,000 basis. Equity gained on principal adds $9,002/yr, and 5% annual appreciation accumulates to $385,413 by year five. Five-year ROI measures 31.08% and total cumulative return in cash reaches $140,470. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $6,828/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84102, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,935 (100%) |
| Owner Occupied HU | 2,027 (18.5%) |
| Renter Occupied HU | 7,757 (70.9%) |
| Vacant Housing Units | 1,151 (10.5%) |
| Median Home Value | $643,910 |
| Average Home Value | $708,535 |
Housing Distribution
Address Breakdown
Residential
9,985
Single Family
4,472
Multi-Family
5,513
Businesses
688
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Listed by: Sandra Poole Sweetland • Coldwell Banker Realty (Salt Lake-Sugar House)
Mls Name: UtahRealEstate.com
Mls ID: #2110495