246 E Helm Ave APT 18South Salt LakeUT84115
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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 South Salt Lake at 246 E Helm Ave APT 18, South Salt Lake, UT, 84115 listed at $200,000 pairs $1,556/mo rent with a $979/mo payment to leave $72/mo cash flow. Total monthly income runs $1,556/mo, and annual cash flow reaches $860/yr on $66,300 cash to close. Return on cash invested measures 21.21% in year one, and rental yield registers 9.34% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 111.43% and total cumulative return in cash totals $73,880. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,556/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
$312 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84115, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,667 (100%) |
| Owner Occupied HU | 4,526 (30.9%) |
| Renter Occupied HU | 9,047 (61.7%) |
| Vacant Housing Units | 1,094 ( 7.5%) |
| Median Home Value | $478,696 |
| Average Home Value | $539,935 |
Housing Distribution
Address Breakdown
Residential
13,505
Single Family
10,696
Multi-Family
2,809
Businesses
2,227
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Listed by: Yarhtib 'Y' Vazquez Gutierrez • KW Utah Realtors Keller Williams
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2054801
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-20 00:55:36 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/info/mls-disclaimers/#mls_319)