246 E Helm Ave S #5Salt Lake CityUT84115
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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 246 E Helm Ave S #5, Salt Lake City, UT, 84115 offers $1,716/mo rent that, after a $1,008/mo payment, leaves $197/mo cash flow. Total monthly income is $1,716/mo, and annual cash flow is $2,363/yr on $68,286 cash. Return on cash invested measures 23.37% in year one, and rental yield stands at 10% at a $205,990 entry. Equity gained on principal adds $1,329/yr while 5% annual appreciation compounds into $56,911 by year five. Five-year ROI records 122.95% and total cumulative return in cash reaches $83,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,716/mo property income versus a $1,008/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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: Rodolfo Rangel • Utah Key Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2008669
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 03:10:30 PDT. 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)