3816 S Salt River Way UNIT 2South Salt LakeUT84119
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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 3816 S Salt River Way UNIT 2, South Salt Lake, UT, 84119 generates $2,176/mo in rent and, after a $1,542/mo payment, leaves $330/mo in cash flow. Total monthly income is $2,176/mo, and annual cash flow is $3,954/yr on $104,423 invested. Return on cash invested sits at 23.7% in year one, and rental yield is 8.29% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 122.74% and total cumulative return in cash sums $128,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,176/mo property income rather than buyer’s personal income.
Condo
Built in 1998
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84119, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,618 (100%) |
| Owner Occupied HU | 9,146 (46.6%) |
| Renter Occupied HU | 9,500 (48.4%) |
| Vacant Housing Units | 972 ( 5.0%) |
| Median Home Value | $412,246 |
| Average Home Value | $421,854 |
Housing Distribution
Address Breakdown
Residential
17,687
Single Family
14,006
Multi-Family
3,681
Businesses
1,892
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Listed by: J Hunter Virden • Real Estate Essentials
Mls Name: UtahRealEstate.com
Mls ID: #2111167