520 Lacey WayNorth Salt LakeUT84054
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
Investment Highlights
Rental property for sale in North Salt Lake at 520 Lacey Way, North Salt Lake, UT, 84054 offers $5,616/mo rent that, after a $5,775/mo payment. Total monthly income is $5,616/mo. Return on cash invested measures 16.29% in year one, and rental yield stands at 5.71% at a $1,179,990 entry. Equity gained on principal adds $7,614/yr while 5% annual appreciation compounds into $326,009 by year five. Five-year ROI records 82.91% and total cumulative return in cash reaches $316,961. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,616/mo property income versus a $5,775/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84054, North Salt Lake, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,857 (100%) |
| Owner Occupied HU | 5,223 (66.5%) |
| Renter Occupied HU | 2,376 (30.2%) |
| Vacant Housing Units | 258 ( 3.3%) |
| Median Home Value | $594,821 |
| Average Home Value | $625,380 |
Housing Distribution
Address Breakdown
Residential
7,936
Single Family
7,930
Multi-Family
6
Businesses
838
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Listed by: Matt Cordery • Progressive Properties Realty Inc
Mls Name: UtahRealEstate.com
Mls ID: #2114546