457 E Redondo Ave SSalt Lake CityUT84115
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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 457 E Redondo Ave S, Salt Lake City, UT, 84115 offers $3,120/mo rent that, after a $2,765/mo payment. Total monthly income is $3,120/mo. Return on cash invested measures 18.83% in year one, and rental yield stands at 6.63% at a $565,000 entry. Equity gained on principal adds $3,646/yr while 5% annual appreciation compounds into $156,099 by year five. Five-year ROI records 96.56% and total cumulative return in cash reaches $179,487. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,120/mo property income versus a $2,765/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84115, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,667 (100%) |
| Owner Occupied HU | 4,526 (30.9%) |
| Renter Occupied HU | 9,047 (61.7%) |
| Vacant Housing Units | 1,094 ( 7.5%) |
| Median Home Value | $478,696 |
| Average Home Value | $539,935 |
Housing Distribution
Address Breakdown
Residential
13,505
Single Family
10,696
Multi-Family
2,809
Businesses
2,227
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Listed by: Melanie Larsen • KW Salt Lake City Keller Williams Real Estate
Mls Name: UtahRealEstate.com
Mls ID: #2112331