680 E Lacey WayNorth Salt LakeUT84054
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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 North Salt Lake at 680 E Lacey Way, North Salt Lake, UT, 84054 priced at $514,900 pairs $3,185/mo rent with $167/mo cash flow after a $2,520/mo payment. Total monthly income equals $3,185/mo, and annual cash flow comes to $2,007/yr on $169,402 invested. Return on cash invested is 21.25% in year one, and rental yield stands at 7.42% on a $514,900 basis. Equity gained on principal adds $3,323/yr, and 5% annual appreciation accumulates to $142,257 by year five. Five-year ROI measures 109.55% and total cumulative return in cash reaches $185,586. For financing, Ziffy Mortgage’s DSCR program evaluates $3,185/mo property income against a $2,520/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1989
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84054, North Salt Lake, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,857 (100%) |
| Owner Occupied HU | 5,223 (66.5%) |
| Renter Occupied HU | 2,376 (30.2%) |
| Vacant Housing Units | 258 ( 3.3%) |
| Median Home Value | $594,821 |
| Average Home Value | $625,380 |
Housing Distribution
Address Breakdown
Residential
7,936
Single Family
7,930
Multi-Family
6
Businesses
838
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Nearby investment properties with comparable prices
Listed by: Kevin McCombs • Elite Plus Real Estate, LLC
Mls Name: UtahRealEstate.com
Mls Provider:
Mls ID: #1963969
Disclaimer: Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 2024-10-15 08:32:31 PDT. 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)