3404 E Enchanted Hills Dr SSalt Lake CityUT84121
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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 3404 E Enchanted Hills Dr S, Salt Lake City, UT, 84121 generates $4,121/mo in rent, after a $4,549/mo payment. Total monthly income is $4,121/mo. Return on cash invested sits at 14.85% in year one, and rental yield is 5.32% on a $929,500 entry. Equity gained on principal adds $5,998/yr, while 5% annual appreciation builds toward $256,804 over five years. Five-year ROI reaches 75.27% and total cumulative return in cash sums $230,193. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,121/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
10,018 sqft lot
$N/A/sqft
No HOA
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Listed by: Phillip Winston • Latitude 40 Properties, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2118365