651 E Roosevelt AveSalt Lake CityUT84105
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 651 E Roosevelt Ave, Salt Lake City, UT, 84105 offers $2,397/mo rent that, after a $2,447/mo payment. Total monthly income is $2,397/mo. Return on cash invested measures 16.05% in year one, and rental yield stands at 5.75% at a $499,900 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,113 by year five. Five-year ROI records 81.71% and total cumulative return in cash reaches $135,408. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,397/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84105, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,026 (100%) |
| Owner Occupied HU | 5,470 (54.6%) |
| Renter Occupied HU | 4,116 (41.1%) |
| Vacant Housing Units | 440 ( 4.4%) |
| Median Home Value | $684,787 |
| Average Home Value | $750,368 |
Housing Distribution
Address Breakdown
Residential
9,670
Single Family
9,010
Multi-Family
660
Businesses
337
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Clay Rockwood • Rockwood & Company LLC
Mls Name: UtahRealEstate.com
Mls ID: #2131541