3073 S 700 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 3073 S 700 E, Salt Lake City, UT, 84106 offers a 7.18% rental yield on a $479,000 purchase with $2,866/mo rent. Total monthly income registers $2,866/mo, and a $2,344/mo payment leaves $59/mo available for distribution. Annual cash flow reaches $708/yr on $158,789 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $3,091/yr while 5% annual appreciation supports $132,339 over five years. Portfolio math shows five-year ROI at 104.79% and total cumulative return in cash at $166,395. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,866/mo property income against a $2,344/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1889
9,583 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: Shanna R Robinson • Forte Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2113297