650 N 300 W APT 229Salt Lake CityUT84103
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 650 N 300 W APT 229, Salt Lake City, UT, 84103 in Salt Lake City at $284,900 earns $1,691/mo in rent and nets $21/mo after the $1,281/mo payment, a 7.12% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $78,713 over five years. Ziffy Mortgage underwrites this on a 1.32 DSCR without U.S. credit history. With $2,624/yr in principal paydown, total projected return reaches $108,998.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 5.1% |
| Monthly Cash Flow | $21 | $1,850 |
City averages based on Salt Lake City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,691 |
| Total Monthly Debt Service | $1,556 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1961
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
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
Condo
Built in 1961
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackson Jones • Atara Investment Real Estate LLC
Mls Name: UtahRealEstate.com
Mls ID: #2098535