48 W 300 S #1602-NSalt Lake CityUT84101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Salt Lake City at 48 W 300 S #1602-N, Salt Lake City, UT, 84101 offers a 8.99% rental yield on a $373,300 purchase with $2,796/mo rent. Total monthly income registers $2,796/mo, and a $1,827/mo payment leaves $608/mo available for distribution. Annual cash flow reaches $7,298/yr on $123,749 to close, and return on cash invested stands at 25.81% in year one. Equity gained on principal adds $2,409/yr while 5% annual appreciation supports $103,136 over five years. Portfolio math shows five-year ROI at 134.06% and total cumulative return in cash at $165,897. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,796/mo property income against a $1,827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84101, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,701 (100%) |
| Owner Occupied HU | 799 ( 9.2%) |
| Renter Occupied HU | 6,105 (70.2%) |
| Vacant Housing Units | 1,797 (20.7%) |
| Median Home Value | $623,219 |
| Average Home Value | $658,016 |
Housing Distribution
Address Breakdown
Residential
7,262
Single Family
3,046
Multi-Family
4,216
Businesses
1,250
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #2113023