4196 S Oak Meadows Dr W #11Salt Lake CityUT84123
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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
Investment property for sale in Salt Lake City at 4196 S Oak Meadows Dr W #11, Salt Lake City, UT, 84123 offers a 8.86% rental yield on a $266,000 purchase with $1,963/mo rent. Total monthly income registers $1,963/mo, and a $1,302/mo payment leaves $140/mo available for distribution. Annual cash flow reaches $1,678/yr on $88,179 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $1,716/yr while 5% annual appreciation supports $73,491 over five years. Portfolio math shows five-year ROI at 113.92% and total cumulative return in cash at $100,457. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,963/mo property income against a $1,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
435.60 sqft lot
$N/A/sqft
$264 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84123, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 8,731 (58.4%) |
| Renter Occupied HU | 5,774 (38.6%) |
| Vacant Housing Units | 445 ( 3.0%) |
| Median Home Value | $524,663 |
| Average Home Value | $512,546 |
Housing Distribution
Address Breakdown
Residential
15,171
Single Family
11,598
Multi-Family
3,573
Businesses
858
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Listed by: Courtney L Sheets • Real Broker, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2023890
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 05:40:40 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)