672 Redondo AveSalt Lake CityUT84105
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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
Investment property for sale in Salt Lake City at 672 Redondo Ave, Salt Lake City, UT, 84105 offers a 7.8% rental yield on a $554,900 purchase with $3,607/mo rent. Total monthly income registers $3,607/mo, and a $2,716/mo payment leaves $355/mo available for distribution. Annual cash flow reaches $4,255/yr on $182,562 to close, and return on cash invested stands at 22.39% in year one. Equity gained on principal adds $3,581/yr while 5% annual appreciation supports $153,309 over five years. Portfolio math shows five-year ROI at 115.69% and total cumulative return in cash at $211,200. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,607/mo property income against a $2,716/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
4,356 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
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Listed by: Mike Chew • Coldwell Banker Realty (Salt Lake-Sugar House)
Mls Name: UtahRealEstate.com
Mls ID: #2131055