31 N M St APT 406Salt Lake CityUT84103
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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 31 N M St APT 406, Salt Lake City, UT, 84103 offers a 8.96% rental yield on a $250,600 purchase with $1,872/mo rent. Total monthly income registers $1,872/mo, and a $1,227/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,037/yr on $83,074 to close, and return on cash invested stands at 22.36% in year one. Equity gained on principal adds $1,617/yr while 5% annual appreciation supports $69,236 over five years. Portfolio math shows five-year ROI at 116.8% and total cumulative return in cash at $97,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,872/mo property income against a $1,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
435 sqft lot
$N/A/sqft
$233 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
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Nearby investment properties with comparable prices
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