320 E Robert AveSouth Salt LakeUT84115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 320 E Robert Ave, South Salt Lake, UT, 84115 priced at $564,900 converts $3,457/mo rent into $146/mo cash flow after a $2,765/mo obligation. Total monthly income equals $3,457/mo, and annual cash flow totals $1,751/yr on $185,852 invested. Return on cash invested prints 21% in year one, and rental yield reads 7.34% against a $564,900 entry. Equity gained on principal adds $3,645/yr, while 5% annual appreciation compiles into $156,071 by year five. Five-year ROI reaches 108.23% and total cumulative return in cash sums $201,152. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,457/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 1961
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Smith • Dijjit, LC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2001760
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 02:40:27 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](/info/mls-disclaimers/#mls_319)