475 E Lambourne AveSalt 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 475 E Lambourne Ave, Salt Lake City, UT, 84115 generates $3,176/mo in rent and, after a $2,587/mo payment, leaves $78/mo in cash flow. Total monthly income is $3,176/mo, and annual cash flow is $936/yr on $173,909 invested. Return on cash invested sits at 20.6% in year one, and rental yield is 7.21% on a $528,600 entry. Equity gained on principal adds $3,411/yr, while 5% annual appreciation builds toward $146,042 over five years. Five-year ROI reaches 106.1% and total cumulative return in cash sums $184,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,176/mo property income rather than buyer’s personal income.
Single Family
Built in 1914
0.26 Acres 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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