Salt Lake City, UT — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.2%
Below average
Monthly Cash Flow
-$1,839
After all expenses
Price-to-Rent
21.2
Overpriced for rent
DSCR
0.34
Fails
📊 Key Metrics
- Median Home Price
- $521,749
- Average Rent (3BR)
- $2,060/mo
- Price-to-Rent Ratio
- 21.2(high)
- 1% Rule
- 0.39%(fails — need 1%+)
- Cash-on-Cash Return
- -18.4%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-2,797 households
SHRINKING
Total Inflow
459,989
households moved in
Avg Income (New Residents)
$107,784
per household
Where they're coming from:
1.Salt Lake Non-migrants, UT439,062 households · avg $109,398
2.Utah, UT4,477 households · avg $64,509
3.Davis, UT2,341 households · avg $64,267
4.Weber, UT918 households · avg $55,676
5.Tooele, UT743 households · avg $49,343
Where residents are leaving to:
1.Salt Lake Non-migrants, UT439,062 households
2.Utah, UT5,631 households
3.Davis, UT3,021 households
4.Tooele, UT1,536 households
5.Weber, UT1,113 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Salt Lake City for Investors
All Zip Codes in Salt Lake City
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 84111 | 3.3% | -$1,182 | $456,503 | $2,310/mo | 0.51 |
| 84104 | 3.0% | -$1,167 | $414,150 | $1,980/mo | 0.47 |
| 84116 | 2.4% | -$1,517 | $456,272 | $1,900/mo | 0.38 |
| 84116 | 2.4% | -$1,517 | $456,272 | $1,900/mo | 0.38 |
| 84101 | 2.2% | -$1,744 | $497,289 | $1,960/mo | 0.34 |
| 84102 | 2.1% | -$1,934 | $546,209 | $2,130/mo | 0.33 |
| 84106 | 1.6% | -$2,438 | $605,138 | $2,000/mo | 0.24 |
| 84105 | 1.2% | -$3,158 | $731,367 | $2,160/mo | 0.19 |
| 84103 | 1.1% | -$3,276 | $744,070 | $2,120/mo | 0.17 |
| 84108 | 0.7% | -$4,506 | $952,199 | $2,330/mo | 0.11 |