247 S 700 E #54Salt 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
Investment property for sale in Salt Lake City at 247 S 700 E #54, Salt Lake City, UT, 84102 earns $117/mo cash flow from $2,110/mo rent with a $1,664/mo payment. Total monthly income totals $2,110/mo, and annual cash flow totals $1,409/yr on $112,677 capital. ROI tracks 21.16% on current figures, and rental yield reads 7.45% at a $339,900 purchase. Equity gained on principal adds $2,193/yr, and 5% annual appreciation supports $93,908 over five years. Five-year ROI reaches 109.13% and total cumulative return in cash sums $122,963. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,110/mo property income instead of your personal income.
Condo
Built in 1968
435.60 sqft 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: Kamee Shrope • Engel & Volkers Salt Lake
Mls Name: UtahRealEstate.com
Mls ID: #2096246