251 S 700 E APT 9Salt 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
Rental property for sale in Salt Lake City at 251 S 700 E APT 9, Salt Lake City, UT, 84102 generates $1,774/mo in rent and, after a $1,244/mo payment, leaves $72/mo in cash flow. Total monthly income is $1,774/mo, and annual cash flow is $867/yr on $84,267 invested. Return on cash invested sits at 20.94% in year one, and rental yield is 8.37% on a $254,200 entry. Equity gained on principal adds $1,640/yr, while 5% annual appreciation builds toward $70,231 over five years. Five-year ROI reaches 109.06% and total cumulative return in cash sums $91,905. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,774/mo property income rather than buyer’s personal income.
Apartment
Built in 1968
435 sqft lot
$N/A/sqft
$212 monthly 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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