631 N 1200 W APT A203Salt 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 631 N 1200 W APT A203, Salt Lake City, UT, 84116 earns $219/mo cash flow from $1,676/mo rent with a $1,050/mo payment. Total monthly income totals $1,676/mo, and annual cash flow totals $2,623/yr on $71,140 capital. ROI tracks 23.6% on current figures, and rental yield reads 9.37% at a $214,600 purchase. Equity gained on principal adds $1,385/yr, and 5% annual appreciation supports $59,290 over five years. Five-year ROI reaches 123.42% and total cumulative return in cash sums $87,800. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,676/mo property income instead of your personal income.
Condo
Built in 1964
435 sqft lot
$N/A/sqft
$200 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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