249 S 700 E APT 58Salt 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 249 S 700 E APT 58, Salt Lake City, UT, 84102 uses $82,212 cash to close to unlock $3,339/yr annual cash flow and $278/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $1,214/mo payment keeps the spread at $278/mo. Purchase price stands at $248,000, and rental yield measures 8.38% with $1,732/mo rent. Return on cash invested shows 23.97% in year one, and 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 124.24% and total cumulative return in cash records $102,138. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $1,214/mo payment rather than investor’s 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: RYAN M KRAMER • RE/MAX ASSOCIATES ST GEORGE
Mls Name: WCBR
Mls ID: #25-263195