615 N 1200 W APT B302Salt Lake CityUT84116
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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 615 N 1200 W APT B302, Salt Lake City, UT, 84116 earns $481/mo cash flow from $1,759/mo rent with a $1,067/mo payment. Total monthly income totals $1,759/mo, and annual cash flow totals $5,775/yr on $72,267 capital. ROI tracks 27.9% on current figures, and rental yield reads 9.68% at a $218,000 purchase. Equity gained on principal adds $1,407/yr, and 5% annual appreciation supports $60,229 over five years. Five-year ROI reaches 145.3% and total cumulative return in cash sums $105,007. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,759/mo property income instead of your personal income.
Condo
Built in 1964
435.60 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
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Listed by: Alicia Vera • McCleery Real Estate Premier
Mls Name: UtahRealEstate.com
Mls ID: #2128405