313 E Elm St SSalt Lake CityUT84107
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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 313 E Elm St S, Salt Lake City, UT, 84107 offers $3,955/mo rent that, after a $3,402/mo payment. Total monthly income is $3,955/mo. Return on cash invested measures 19.44% in year one, and rental yield stands at 6.83% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 99.85% and total cumulative return in cash reaches $228,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,955/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84107, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,789 (100%) |
| Owner Occupied HU | 7,299 (38.8%) |
| Renter Occupied HU | 10,112 (53.8%) |
| Vacant Housing Units | 1,378 ( 7.3%) |
| Median Home Value | $561,327 |
| Average Home Value | $606,922 |
Housing Distribution
Address Breakdown
Residential
16,549
Single Family
11,707
Multi-Family
4,842
Businesses
2,220
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Listed by: Zachery P Jorgensen • Century 21 Everest
Mls Name: UtahRealEstate.com
Mls ID: #2117152