294 Springridge DrNorth Salt LakeUT84054
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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 North Salt Lake at 294 Springridge Dr, North Salt Lake, UT, 84054 priced at $824,900 converts $3,320/mo rent into after a $4,037/mo obligation. Total monthly income equals $3,320/mo. Return on cash invested prints 13.36% in year one, and rental yield reads 4.83% against a $824,900 entry. Equity gained on principal adds $5,323/yr, while 5% annual appreciation compiles into $227,905 by year five. Five-year ROI reaches 67.28% and total cumulative return in cash sums $182,581. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,320/mo property income covering a $4,037/mo payment, not borrower’s personal income.
Single Family
Built in 1998
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84054, North Salt Lake, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,857 (100%) |
| Owner Occupied HU | 5,223 (66.5%) |
| Renter Occupied HU | 2,376 (30.2%) |
| Vacant Housing Units | 258 ( 3.3%) |
| Median Home Value | $594,821 |
| Average Home Value | $625,380 |
Housing Distribution
Address Breakdown
Residential
7,936
Single Family
7,930
Multi-Family
6
Businesses
838
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Listed by: David D Madsen • United Real Estate Advantage
Mls Name: UtahRealEstate.com
Mls ID: #2129911