2598 E Canterbury Ln SSalt Lake CityUT84121
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 2598 E Canterbury Ln S, Salt Lake City, UT, 84121 in Salt Lake City is a conservative rental investment at $409,999. Rental yield 7.12%. A 1.32 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $113,275; $3,776/yr in principal paydown supplements. Total projected return: $141,965.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 5.1% |
| Monthly Cash Flow | $(217) | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,431 |
| Total Monthly Debt Service | $2,485 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1974
435.60 sqft lot
$N/A/sqft
$245 monthly HOA
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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
Townhouse
Built in 1974
435.60 sqft lot
$N/A/sqft
$245 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices