4238 W Old Miller Ct SSalt Lake CityUT84118
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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 4238 W Old Miller Ct S, Salt Lake City, UT, 84118 offers $2,375/mo rent that, after a $1,610/mo payment, leaves $48/mo cash flow. Total monthly income is $2,375/mo, and annual cash flow is $576/yr on $109,064 cash. Return on cash invested measures 20.44% in year one, and rental yield stands at 8.66% at a $329,000 entry. Equity gained on principal adds $2,123/yr while 5% annual appreciation compounds into $90,897 by year five. Five-year ROI records 106.81% and total cumulative return in cash reaches $116,493. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,375/mo property income versus a $1,610/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1992
435.60 sqft lot
$N/A/sqft
$399 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84118, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,572 (100%) |
| Owner Occupied HU | 9,415 (81.4%) |
| Renter Occupied HU | 2,004 (17.3%) |
| Vacant Housing Units | 153 ( 1.3%) |
| Median Home Value | $438,290 |
| Average Home Value | $507,730 |
Housing Distribution
Address Breakdown
Residential
11,330
Single Family
11,230
Multi-Family
100
Businesses
309
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Listed by: Alexander Bryner • Lorem Real Estate
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2081008
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-05-01 12:18:50 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](/mls-disclaimers/#319)