676 E Markea Ave S #3Salt Lake CityUT84102
Nearby investment properties with comparable rents
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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 676 E Markea Ave S #3, Salt Lake City, UT, 84102 offers $1,600/mo rent that, after a $3,842/mo payment. Total monthly income is $1,600/mo. Return on cash invested measures 4.15% in year one, and rental yield stands at 2.45% at a $785,000 entry. Equity gained on principal adds $5,065/yr while 5% annual appreciation compounds into $216,881 by year five. Five-year ROI records 18.6% and total cumulative return in cash reaches $48,038. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,600/mo property income versus a $3,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2011
871.20 sqft lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84102, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,935 (100%) |
| Owner Occupied HU | 2,027 (18.5%) |
| Renter Occupied HU | 7,757 (70.9%) |
| Vacant Housing Units | 1,151 (10.5%) |
| Median Home Value | $643,910 |
| Average Home Value | $708,535 |
Housing Distribution
Address Breakdown
Residential
9,985
Single Family
4,472
Multi-Family
5,513
Businesses
688
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Listed by: Judy Kostrencich • EXP Realty, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #2065509
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2025-02-20 01:25:35 PST. 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](/info/mls-disclaimers/#mls_319)