320 E 3rd AveSalt 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
Rental property for sale in Salt Lake City at 320 E 3rd Ave, Salt Lake City, UT, 84103 generates $2,694/mo in rent, after a $2,814/mo payment. Total monthly income is $2,694/mo. Return on cash invested sits at 15.77% in year one, and rental yield is 5.62% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 80.21% and total cumulative return in cash sums $151,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,694/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No 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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Listed by: Rosie Bayne • EXP Realty, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2095018
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-06-30 11:56:33 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#319)