6416 S 890 W #33Salt Lake CityUT84123
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe headline number at 6416 S 890 W #33, Salt Lake City, UT, 84123 in Salt Lake City is the 1.98 coverage ratio: rent of $1,027/mo versus a $519/mo debt payment on a $115,500 property. Rental yield 10.67%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $31,911 by year five, with $1,064/yr in equity from paydown. Total projected cumulative return: $2,923.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 5.1% |
| Monthly Cash Flow | $(705) | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,027 |
| Total Monthly Debt Service | $1,686 |
| DSCR Ratio | 0.61x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1997
435.60 sqft lot
$N/A/sqft
$1,055 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84123, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 8,731 (58.4%) |
| Renter Occupied HU | 5,774 (38.6%) |
| Vacant Housing Units | 445 ( 3.0%) |
| Median Home Value | $524,663 |
| Average Home Value | $512,546 |
Housing Distribution
Address Breakdown
Residential
15,171
Single Family
11,598
Multi-Family
3,573
Businesses
858
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
Manufactured
Built in 1997
435.60 sqft lot
$N/A/sqft
$1,055 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84123, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,950 (100%) |
| Owner Occupied HU | 8,731 (58.4%) |
| Renter Occupied HU | 5,774 (38.6%) |
| Vacant Housing Units | 445 ( 3.0%) |
| Median Home Value | $524,663 |
| Average Home Value | $512,546 |
Housing Distribution
Address Breakdown
Residential
15,171
Single Family
11,598
Multi-Family
3,573
Businesses
858
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruby Reece • Century 21 Everest
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2023137
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-19 21:55:28 PST. 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)