8 E Hillside Ave APT 801Salt Lake CityUT84103
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
Investment property for sale in Salt Lake City at 8 E Hillside Ave APT 801, Salt Lake City, UT, 84103 offers a 3.09% rental yield on a $1,175,995 purchase with $3,031/mo rent. 21% in year one. Equity gained on principal adds $7,589/yr while 5% annual appreciation supports $324,906 over five years. Portfolio math shows five-year ROI at 39.56% and total cumulative return in cash at $150,743. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,031/mo property income against a $5,756/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1962
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84103, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,360 (100%) |
| Owner Occupied HU | 5,182 (36.1%) |
| Renter Occupied HU | 7,528 (52.4%) |
| Vacant Housing Units | 1,650 (11.5%) |
| Median Home Value | $779,049 |
| Average Home Value | $884,085 |
Housing Distribution
Address Breakdown
Residential
12,795
Single Family
7,384
Multi-Family
5,411
Businesses
367
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jairo A Gomez • Ascent Real Estate Group LLC
Mls Name: UtahRealEstate.com
Mls ID: #2129052