949 N Libby WaySalt Lake CityUT84116
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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 949 N Libby Way, Salt Lake City, UT, 84116 uses $165,717 cash to close to unlock $3,873/yr annual cash flow and $323/mo monthly cash flow. Total monthly income runs $3,253/mo, and a $2,447/mo payment keeps the spread at $323/mo. Purchase price stands at $499,900, and rental yield measures 7.81% with $3,253/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 114.95% and total cumulative return in cash records $190,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,253/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1988
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 84116, Salt Lake City, UT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,130 (100%) |
| Owner Occupied HU | 5,784 (40.9%) |
| Renter Occupied HU | 7,445 (52.7%) |
| Vacant Housing Units | 901 ( 6.4%) |
| Median Home Value | $441,716 |
| Average Home Value | $517,399 |
Housing Distribution
Address Breakdown
Residential
12,518
Single Family
9,353
Multi-Family
3,165
Businesses
888
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Listed by: Micah Roquiero • Real Estate Essentials
Mls Name: UtahRealEstate.com
Mls ID: #2101380