6487 S 1140 WSalt Lake CityUT84123
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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
Rental property for sale in Salt Lake City at 6487 S 1140 W, Salt Lake City, UT, 84123 generates $865/mo in rent, after a $563/mo payment. Total monthly income is $865/mo. Return on cash invested sits at -7.29% in year one, and rental yield is 9.03% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $865/mo property income rather than buyer’s personal income.
Manufactured
Built in 1974
1 Acres 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
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Listed by: Ruby Reece • Century 21 Everest
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2090437
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-06-10 11:56:40 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)