861 E Red Sage LnSalt Lake CityUT84117
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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 861 E Red Sage Ln, Salt Lake City, UT, 84117 priced at $494,400 converts $3,236/mo rent into $338/mo cash flow after a $2,420/mo obligation. Total monthly income equals $3,236/mo, and annual cash flow totals $4,057/yr on $163,894 invested. Return on cash invested prints 22.38% in year one, and rental yield reads 7.85% against a $494,400 entry. Equity gained on principal adds $3,190/yr, while 5% annual appreciation compiles into $136,594 by year five. Five-year ROI reaches 115.7% and total cumulative return in cash sums $189,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,236/mo property income covering a $2,420/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84117, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,713 (100%) |
| Owner Occupied HU | 6,830 (58.3%) |
| Renter Occupied HU | 4,124 (35.2%) |
| Vacant Housing Units | 759 ( 6.5%) |
| Median Home Value | $708,777 |
| Average Home Value | $823,925 |
Housing Distribution
Address Breakdown
Residential
11,010
Single Family
8,354
Multi-Family
2,656
Businesses
1,171
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A