48 W Broadway #903Salt Lake CityUT84101
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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 Salt Lake City at 48 W Broadway #903, Salt Lake City, UT, 84101 earns $30/mo cash flow from $3,049/mo rent with a $2,521/mo payment. Total monthly income totals $3,049/mo, and annual cash flow totals $362/yr on $169,435 capital. ROI tracks 20.27% on current figures, and rental yield reads 7.1% at a $515,000 purchase. Equity gained on principal adds $3,323/yr, and 5% annual appreciation supports $142,285 over five years. Five-year ROI reaches 104.35% and total cumulative return in cash sums $176,809. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,049/mo property income instead of your personal income.
Condo
Built in 1982
435.60 sqft 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
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Listed by: Audra-Mia Lyons • Equity Real Estate (Advantage)
Mls Name: UtahRealEstate.com
Mls ID: #2093643