256 E Helm Ave APT 22South Salt LakeUT84115
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
Rental property for sale in South Salt Lake at 256 E Helm Ave APT 22, South Salt Lake, UT, 84115 generates $1,509/mo in rent and, after a $857/mo payment, leaves $171/mo in cash flow. Total monthly income is $1,509/mo, and annual cash flow is $2,050/yr on $58,013 invested. Return on cash invested sits at 23.44% in year one, and rental yield is 10.35% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 123.71% and total cumulative return in cash sums $71,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,509/mo property income rather than buyer’s personal income.
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
$312 monthly 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: Lucy Littlewood • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2096368
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-07-07 11:42:35 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](/mls-disclaimers/#319)