2665 E Parleys Way APT 210Salt Lake CityUT84109
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 2665 E Parleys Way APT 210, Salt Lake City, UT, 84109 in Salt Lake City worth modelling. At $475,000 with a 7.32% gross yield, the $2,896/mo rent leaves $112/mo after the $2,136/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.36 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $131,234 by year five; $4,375/yr in principal reduction adds further equity. Total projected return: $186,626.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 5.1% |
| Monthly Cash Flow | $112 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,896 |
| Total Monthly Debt Service | $2,595 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2006
435.60 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
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
Condo
Built in 2006
435.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dana Conway • KW Utah Realtors Keller Williams
Mls Name: UtahRealEstate.com
Mls ID: #2118137