2642 S 1500 ESalt Lake CityUT84106
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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 2642 S 1500 E, Salt Lake City, UT, 84106 earns $152/mo cash flow from $5,281/mo rent with a $4,283/mo payment. Total monthly income totals $5,281/mo, and annual cash flow totals $1,826/yr on $287,875 capital. ROI tracks 20.69% on current figures, and rental yield reads 7.24% at a $875,000 purchase. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,746 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash sums $306,863. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,281/mo property income instead of your personal income.
Single Family
Built in 1938
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
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Listed by: Jeanne McFarland • Signature Real Estate Utah (Cottonwood Heights)
Mls Name: UtahRealEstate.com
Mls ID: #2099224