655 E Spring View DrSouth Salt LakeUT84106
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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 South Salt Lake at 655 E Spring View Dr, South Salt Lake, UT, 84106 generates $2,215/mo in rent, after a $2,765/mo payment. Total monthly income is $2,215/mo. Return on cash invested sits at 12.98% in year one, and rental yield is 4.7% on a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation builds toward $156,099 over five years. Five-year ROI reaches 65.24% and total cumulative return in cash sums $121,275. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,215/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84106, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,216 (100%) |
| Owner Occupied HU | 8,641 (47.4%) |
| Renter Occupied HU | 8,146 (44.7%) |
| Vacant Housing Units | 1,429 ( 7.8%) |
| Median Home Value | $615,146 |
| Average Home Value | $660,681 |
Housing Distribution
Address Breakdown
Residential
16,566
Single Family
14,660
Multi-Family
1,906
Businesses
924
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Listed by: Matt Storheim • MS2 & Associates LLC
Mls Name: UtahRealEstate.com
Mls ID: #2128453