537 S 500 E #106Salt Lake CityUT84102
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 Salt Lake City at 537 S 500 E #106, Salt Lake City, UT, 84102 generates $3,834/mo in rent, after a $4,992/mo payment. Total monthly income is $3,834/mo. Return on cash invested sits at 12.58% in year one, and rental yield is 4.51% on a $1,020,000 entry. Equity gained on principal adds $6,582/yr, while 5% annual appreciation builds toward $281,807 over five years. Five-year ROI reaches 63.02% and total cumulative return in cash sums $208,279. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,834/mo property income rather than buyer’s personal income.
Townhouse
Built in 2020
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tara Horton • Cole West Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls ID: #2094832