557 N 1300 WSalt Lake CityUT84116
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
Investment property for sale in Salt Lake City at 557 N 1300 W, Salt Lake City, UT, 84116 offers a 7.46% rental yield on a $477,500 purchase with $2,969/mo rent. Total monthly income registers $2,969/mo, and a $2,337/mo payment leaves $170/mo available for distribution. Annual cash flow reaches $2,045/yr on $158,291 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $3,081/yr while 5% annual appreciation supports $131,924 over five years. Portfolio math shows five-year ROI at 109.35% and total cumulative return in cash at $173,088. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,969/mo property income against a $2,337/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No 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: Dean Cotter • REDFIN CORPORATION
Mls Name: UtahRealEstate.com
Mls ID: #2112155