Salt Lake City Utah Investment Property

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Salt Lake City Investment Property
Rental Income Protection for Investment Property


 Pony Express Pkwy (Eagle Mountain-FOURPLEX), Salt Lake City, 84005  [FIG]
6 Photos
Home for sale: Pony Express Pkwy (Eagle Mountain-FOURPLEX), Salt Lake City, UT
   
Purchase Price: $625,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,902
Bedrooms: 12 Property Tax: $333
Bathrooms: 8 Insurance/HOA: $642
Size: (sq ft) 7,252  Property Mgmt: $390
Price/Sq foot:  $86 Cash Flow: (Raw) $2,537
Year Built: 2017 Cap Rate: 4.9%
Parking: 4 Att Rent/Value Ratio: 0.6%
Neighborhood: A DealGrader™: 6.9
New Construction, now selling!
 482S 860 E (American Fork-TRIPLEX), Salt Lake City, 84003  [FIG]
1 Photo
Home for sale: 482S 860 E (American Fork-TRIPLEX), Salt Lake City, UT
   
Purchase Price: $505,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $3,515
Bedrooms: 4 Property Tax: $233
Bathrooms: 3 Insurance/HOA: $429
Size: (sq ft) 3,430  Property Mgmt: $352
Price/Sq foot:  $147 Cash Flow: (Raw) $2,502
Year Built: 2017 Cap Rate: 5.9%
Parking: Att Rent/Value Ratio: 0.7%
Neighborhood: A DealGrader™: 7.1
New Construction, now selling!

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Overview

Heber City Center is a suburban neighborhood (based on population density) located in Heber City, Utah.

Real estate in the City Center of Heber, UT is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Median real estate price in the City Center of Heber is $317,871, which is more expensive than 77.8% of the neighborhoods in Utah and 75.9% of the neighborhoods in the U.S.

The average rental price in Heber City Center is currently $1,140.  Rents here are currently lower in price than 41.1% of Utah neighborhoods.

In Heber City Center, the current vacancy rate is 2.9%, which is a lower rate of vacancies than 87.9% of all neighborhoods in the U.S. This means that the housing supply in Heber City Center is very tight compared to the demand for property here.

The Neighbors

The neighbors in the City Center neighborhood in Heber are upper-middle income, making it an above average income neighborhood.  This neighborhood has a higher income than 74.6% of the neighborhoods in America.  In addition, 11.8% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 59.8% of America's neighborhoods.

In the Heber City Center neighborhood, 33.9% of the working population is employed in executive, management, and professional occupations.  The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 32.2% of the residents employed.  Other residents here are employed in manufacturing and laborer occupations (17.2%), and 16.3% in clerical, assistant, and tech support occupations.

In the City Center neighborhood in Heber, UT, residents most commonly identify their ethnicity or ancestry as English (20.8%).  There are also a number of people of Mexican ancestry (11.5%), and residents who report German roots (8.6%), and some of the residents are also of Irish ancestry (5.0%), along with some Danish ancestry residents (3.0%), among others.

The most common language spoken in the Heber City Center neighborhood is English, spoken by 85.3% of households.  Some people also speak Spanish (12.9%).


Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Salt Lake City, UT  (MSA)
8.1% 11.9% 14.4% 21.1%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Salt Lake City, UT
Market Inventory Trends — Salt Lake City, UT
Average Days on Market — Salt Lake City, UT
Market Action Index — Salt Lake City, UT

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Unemployment Rate Trends — Salt Lake City, UT
Unemployment Rate Trends - Salt Lake City, Utah
            Salt Lake City, Texas, National.   (Recessions shown as gray bars.)
Total Employment Trends — Salt Lake City, UT
Total Employment - Salt Lake City, Utah
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Salt Lake City, UT
Real Median Household Income Trends - Salt Lake City, Utah
            Salt Lake City, Texas, National.
Home Rent-to-Mortgage Payment Ratio — Salt Lake City, UT
Home Rent-to-Mortgage Payment Ratio - Salt Lake City, Utah

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Salt Lake City was 1.08 in December 2012.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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