2479 E Elm AveSalt Lake CityUT84109
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 2479 E Elm Ave, Salt Lake City, UT, 84109 at $775,000 posts ROI 20.36% with $64/mo cash flow from $4,606/mo rent. Total monthly income equals $4,606/mo, and annual cash flow records $766/yr on $254,975 to close. Return on cash invested measures 20.36% and rental yield reads 7.13% at the current $775,000. Equity gained on principal adds $5,001/yr, and 5% annual appreciation supports $214,118 by year five. Five-year ROI prints 104.79% and total cumulative return in cash totals $267,187.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,606/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84109, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 6,697 (72.5%) |
| Renter Occupied HU | 2,277 (24.7%) |
| Vacant Housing Units | 262 ( 2.8%) |
| Median Home Value | $788,779 |
| Average Home Value | $840,206 |
Housing Distribution
Address Breakdown
Residential
9,145
Single Family
9,019
Multi-Family
126
Businesses
707
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Travis Pearce • Berkshire Hathaway HomeServices Utah Properties (Salt Lake)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2019343
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 02:40:27 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)