257 E Belmont AveSalt Lake CityUT84111
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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 257 E Belmont Ave, Salt Lake City, UT, 84111 uses $206,941 cash to close to unlock $2,712/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $3,913/mo, and a $3,079/mo payment keeps the spread at $226/mo. Purchase price stands at $629,000, and rental yield measures 7.47% with $3,913/mo rent. Return on cash invested shows 21.37% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 110.2% and total cumulative return in cash records $228,057. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,913/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Single Family
Built in 1917
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84111, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,746 (100%) |
| Owner Occupied HU | 1,668 (17.1%) |
| Renter Occupied HU | 6,554 (67.2%) |
| Vacant Housing Units | 1,524 (15.6%) |
| Median Home Value | $588,441 |
| Average Home Value | $645,159 |
Housing Distribution
Address Breakdown
Residential
8,957
Single Family
3,984
Multi-Family
4,973
Businesses
1,338
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Listed by: Ryan Dastrup • NRE
Mls Name: UtahRealEstate.com
Mls ID: #2101416