515 S 1000 E APT 706Salt Lake CityUT84102
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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 515 S 1000 E APT 706, Salt Lake City, UT, 84102 uses $160,778 cash to close to unlock $254/yr annual cash flow and $21/mo monthly cash flow. Total monthly income runs $2,864/mo, and a $2,374/mo payment keeps the spread at $21/mo. Purchase price stands at $485,000, and rental yield measures 7.09% with $2,864/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 103.28% and total cumulative return in cash records $166,046. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,864/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Condo
Built in 1965
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84102, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,935 (100%) |
| Owner Occupied HU | 2,027 (18.5%) |
| Renter Occupied HU | 7,757 (70.9%) |
| Vacant Housing Units | 1,151 (10.5%) |
| Median Home Value | $643,910 |
| Average Home Value | $708,535 |
Housing Distribution
Address Breakdown
Residential
9,985
Single Family
4,472
Multi-Family
5,513
Businesses
688
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Listed by: Cassie A. Belnap • Presidio Real Estate
Mls Name: UtahRealEstate.com
Mls ID: #2093505