2738 S Sonnet DrSalt 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
Rental property for sale in Salt Lake City at 2738 S Sonnet Dr, Salt Lake City, UT, 84106 priced at $761,300 converts $2,784/mo rent into after a $3,726/mo obligation. Total monthly income equals $2,784/mo. Return on cash invested prints 12.02% in year one, and rental yield reads 4.39% against a $761,300 entry. Equity gained on principal adds $4,913/yr, while 5% annual appreciation compiles into $210,333 by year five. Five-year ROI reaches 60.09% and total cumulative return in cash sums $150,505. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,784/mo property income covering a $3,726/mo payment, not borrower’s personal income.
Single Family
Built in 1959
7,840 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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