4340 S Highland Dr UNIT 5MillcreekUT84124
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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 Millcreek at 4340 S Highland Dr UNIT 5, Millcreek, UT, 84124 earns from $1,591/mo rent with a $1,346/mo payment. Total monthly income totals $1,591/mo. ROI tracks 19.63% on current figures, and rental yield reads 6.94% at a $275,000 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 100.99% and total cumulative return in cash sums $92,063. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,591/mo property income instead of your personal income.
Condo
Built in 2003
435.60 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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