249 E Baird AveSouth 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
Rental property for sale in South Salt Lake at 249 E Baird Ave, South Salt Lake, UT, 84115 priced at $360,000 pairs $2,567/mo rent with $457/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,567/mo, and annual cash flow comes to $5,484/yr on $119,340 invested. Return on cash invested is 24.5% in year one, and rental yield stands at 8.56% on a $360,000 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,461 by year five. Five-year ROI measures 127.05% and total cumulative return in cash reaches $151,617. For financing, Ziffy Mortgage’s DSCR program evaluates $2,567/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2002
6,969 sqft lot
$N/A/sqft
No 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: Nicole M Garcia • Madmarli Realty LLC
Mls Name: UtahRealEstate.com
Mls ID: #2130059