608 E Lacey WayNorth Salt LakeUT84054
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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
Rental property for sale in North Salt Lake at 608 E Lacey Way, North Salt Lake, UT, 84054 priced at $750,000 pairs $3,334/mo rent with after a $3,671/mo payment. Total monthly income equals $3,334/mo. Return on cash invested is 14.9% in year one, and rental yield stands at 5.33% on a $750,000 basis. Equity gained on principal adds $4,840/yr, and 5% annual appreciation accumulates to $207,211 by year five. Five-year ROI measures 75.48% and total cumulative return in cash reaches $186,246. For financing, Ziffy Mortgage’s DSCR program evaluates $3,334/mo property income against a $3,671/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
9,147 sqft 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: Jenny Bailey • Equity Real Estate (Select)
Mls Name: UtahRealEstate.com
Mls ID: #2101453