4856 S 1690 E #88Salt Lake CityUT84117
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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 4856 S 1690 E #88, Salt Lake City, UT, 84117 generates $2,584/mo in rent and, after a $2,031/mo payment, leaves $152/mo in cash flow. Total monthly income is $2,584/mo, and annual cash flow is $1,822/yr on $137,573 invested. Return on cash invested sits at 21.23% in year one, and rental yield is 7.47% on a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation builds toward $114,657 over five years. Five-year ROI reaches 109.5% and total cumulative return in cash sums $150,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,584/mo property income rather than buyer’s personal income.
Condo
Built in 1975
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84117, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,713 (100%) |
| Owner Occupied HU | 6,830 (58.3%) |
| Renter Occupied HU | 4,124 (35.2%) |
| Vacant Housing Units | 759 ( 6.5%) |
| Median Home Value | $708,777 |
| Average Home Value | $823,925 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
8,354
Multi-Family
2,656
Businesses
1,171
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Listed by: Marjie Anderson McDermott • Coldwell Banker Realty (Union Heights)
Mls Name: UtahRealEstate.com
Mls ID: #2097199