616 N Oakley St APT B208Salt 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 616 N Oakley St APT B208, Salt Lake City, UT, 84116 earns $287/mo cash flow from $1,684/mo rent with a $979/mo payment. Total monthly income totals $1,684/mo, and annual cash flow totals $3,441/yr on $66,283 capital. ROI tracks 25.1% on current figures, and rental yield reads 10.11% at a $199,950 purchase. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,243 over five years. Five-year ROI reaches 131.73% and total cumulative return in cash sums $87,316. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,684/mo property income instead of your personal income.
Condo
Built in 1964
435.60 sqft lot
$N/A/sqft
$225 monthly 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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Nearby investment properties with comparable prices
Listed by: Matt Storheim • MS2 & Associates LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2104333
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-08-13 11:47:17 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#319)