505 N Bright CtSalt Lake CityUT84116
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 505 N Bright Ct, Salt Lake City, UT, 84116 in Salt Lake City earns a 9.7% gross yield at $363,200. Rent of $2,936/mo nets $710/mo after the $1,633/mo mortgage. The 1.80 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $100,345 and $3,345/yr in equity accumulation project a total cumulative return of $183,273.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.1% |
| Monthly Cash Flow | $710 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,936 |
| Total Monthly Debt Service | $2,082 |
| DSCR Ratio | 1.41x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1985
871 sqft lot
$N/A/sqft
$98 monthly 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
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
Townhouse
Built in 1985
871 sqft lot
$N/A/sqft
$98 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A