2616 E 2980 SSalt Lake CityUT84109
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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 $3,545/mo, and a $4,283/mo payment. Purchase price stands at $875,000, and rental yield measures 4.86% with $3,545/mo rent. Return on cash invested shows 13.46% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 67.79% and total cumulative return in cash records $195,143. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,545/mo property income covering a $4,283/mo payment rather than investor’s personal income.
Single Family
Built in 1948
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84109, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,236 (100%) |
| Owner Occupied HU | 6,697 (72.5%) |
| Renter Occupied HU | 2,277 (24.7%) |
| Vacant Housing Units | 262 ( 2.8%) |
| Median Home Value | $788,779 |
| Average Home Value | $840,206 |
Housing Distribution
Address Breakdown
Residential
9,145
Single Family
9,019
Multi-Family
126
Businesses
707
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Listed by: Jacquelin Perry • Summit Sotheby's International Realty
Mls Name: UtahRealEstate.com
Mls ID: #2102855