2963 S Grace St ESalt 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
Investment property for sale in Salt Lake City at 2963 S Grace St E, Salt Lake City, UT, 84109 listed at $925,000 pairs $2,940/mo rent with a $4,527/mo payment. Total monthly income runs $2,940/mo. Return on cash invested measures 10.28% in year one, and rental yield registers 3.81% at a $925,000 basis. Equity gained on principal adds $5,969/yr, and annual property appreciation at 5% supports $255,560 by year five. Five-year ROI tracks 50.72% and total cumulative return in cash totals $154,345. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,940/mo property income relative to a $4,527/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
9,147 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: Terri Pappas • Equity Real Estate (Solid)
Mls Name: UtahRealEstate.com
Mls ID: #2096583