5 S 500 W UNIT 712Salt Lake CityUT84101
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 5 S 500 W UNIT 712, Salt Lake City, UT, 84101 in Salt Lake City worth study. Rental yield 5.91%. The 5.91% gross yield is below cash-flow benchmarks at $369,900, but 5% annual appreciation, adding $102,197 over five years, frames this as a capital growth position. Rent of $1,820/mo partially offsets the $1,663/mo payment. Ziffy Mortgage finances appreciation-play properties (1.09 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $117,386.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 5.1% |
| Monthly Cash Flow | $(348) | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,820 |
| Total Monthly Debt Service | $2,021 |
| DSCR Ratio | 0.90x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
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
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
Condo
Built in 2004
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elvin Chin-Pui Lau • EXP Realty, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2101008