3198 S 300 E APT 10South Salt LakeUT84115
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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 South Salt Lake at 3198 S 300 E APT 10, South Salt Lake, UT, 84115 generates $1,879/mo in rent and, after a $1,415/mo payment, leaves $185/mo in cash flow. Total monthly income is $1,879/mo, and annual cash flow is $2,216/yr on $95,804 invested. Return on cash invested sits at 22.22% in year one, and rental yield is 7.8% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 114.82% and total cumulative return in cash sums $110,006. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,879/mo property income rather than buyer’s personal income.
Condo
Built in 1979
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84115, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,667 (100%) |
| Owner Occupied HU | 4,526 (30.9%) |
| Renter Occupied HU | 9,047 (61.7%) |
| Vacant Housing Units | 1,094 ( 7.5%) |
| Median Home Value | $478,696 |
| Average Home Value | $539,935 |
Housing Distribution
Address Breakdown
Residential
13,505
Single Family
10,696
Multi-Family
2,809
Businesses
2,227
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Listed by: Lisa Tuul Zorigt • SURV REAL ESTATE INC
Mls Name: UtahRealEstate.com
Mls ID: #2132462