3156 E Elgin DrSalt 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 3156 E Elgin Dr, Salt Lake City, UT, 84109 earns from $2,730/mo rent with a $3,421/mo payment. Total monthly income totals $2,730/mo. ROI tracks 12.93% on current figures, and rental yield reads 4.69% at a $699,000 purchase. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 over five years. Five-year ROI reaches 64.96% and total cumulative return in cash sums $149,378. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,730/mo property income instead of your personal income.
Single Family
Built in 1954
7,405 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: Kristy Lynn Imhof • High Road Properties LLC
Mls Name: UtahRealEstate.com
Mls ID: #2126604