2504 E 1300 SSalt Lake CityUT84108
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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
Total monthly income runs $3,709/mo, and a $7,097/mo payment. Purchase price stands at $1,450,000, and rental yield measures 3.07% with $3,709/mo rent. Return on cash invested shows 8.14% in year one, and 5% annual appreciation builds toward $400,608 over five years. Five-year ROI reaches 39.17% and total cumulative return in cash records $184,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,709/mo property income covering a $7,097/mo payment rather than investor’s personal income.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84108, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,456 (100%) |
| Owner Occupied HU | 5,451 (57.6%) |
| Renter Occupied HU | 3,182 (33.7%) |
| Vacant Housing Units | 823 ( 8.7%) |
| Median Home Value | $855,613 |
| Average Home Value | $937,808 |
Housing Distribution
Address Breakdown
Residential
8,133
Single Family
7,547
Multi-Family
586
Businesses
299
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Listed by: Soo Chyung • Realty ONE Group Signature
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1990565
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)