3516 E Hermes Dr SSalt Lake CityUT84124
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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 3516 E Hermes Dr S, Salt Lake City, UT, 84124 generates $3,136/mo in rent, after a $4,650/mo payment. Total monthly income is $3,136/mo. Return on cash invested sits at 10.72% in year one, and rental yield is 3.96% on a $950,000 entry. Equity gained on principal adds $6,130/yr, while 5% annual appreciation builds toward $262,467 over five years. Five-year ROI reaches 53.11% and total cumulative return in cash sums $165,986. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,136/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84124, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,584 (100%) |
| Owner Occupied HU | 5,990 (69.8%) |
| Renter Occupied HU | 2,179 (25.4%) |
| Vacant Housing Units | 415 ( 4.8%) |
| Median Home Value | $815,928 |
| Average Home Value | $897,025 |
Housing Distribution
Address Breakdown
Residential
8,362
Single Family
7,468
Multi-Family
894
Businesses
444
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Listed by: Melanie Borgenicht • Coldwell Banker Realty (Salt Lake-Sugar House)
Mls Name: UtahRealEstate.com
Mls ID: #2096391