2438 S Elizabeth St APT 2Salt Lake CityUT84106
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 Salt Lake City at 2438 S Elizabeth St APT 2, Salt Lake City, UT, 84106 earns $41/mo cash flow from $2,059/mo rent with a $1,685/mo payment. Total monthly income totals $2,059/mo, and annual cash flow totals $495/yr on $114,102 capital. ROI tracks 20.34% on current figures, and rental yield reads 7.18% at a $344,200 purchase. Equity gained on principal adds $2,221/yr, and 5% annual appreciation supports $95,096 over five years. Five-year ROI reaches 104.77% and total cumulative return in cash sums $119,549. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,059/mo property income instead of your personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A