475 N Redwood Rd W #42Salt Lake CityUT84116
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Salt Lake City rentals match the income profile of 475 N Redwood Rd W #42, Salt Lake City, UT, 84116. Listed at $314,900, gross rent is $2,694/mo and net cash flow is $622/mo, a 10.27% yield well above national averages. DSCR 1.80 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $87,001 by year five with $2,640/yr in annual principal reduction, projecting $167,622 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.1% |
| Monthly Cash Flow | $622 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,694 |
| Total Monthly Debt Service | $1,797 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2001
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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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
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Listed by: N/A • N/A
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2184923
