622 E 700 SSalt 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 622 E 700 S, Salt Lake City, UT, 84102 generates $4,051/mo in rent and, after a $3,299/mo payment, leaves $100/mo in cash flow. Total monthly income is $4,051/mo, and annual cash flow is $1,206/yr on $221,746 invested. Return on cash invested sits at 20.6% in year one, and rental yield is 7.21% on a $674,000 entry. Equity gained on principal adds $4,349/yr, while 5% annual appreciation builds toward $186,214 over five years. Five-year ROI reaches 106.11% and total cumulative return in cash sums $235,297. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,051/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
4,356 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
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Listed by: Stephanie Poulos Arrasi • Berkshire Hathaway HomeServices Utah Properties (Salt Lake)
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2024460
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-16 04:40:42 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](/info/mls-disclaimers/#mls_319)