Trends shifting Salt Lake City towards an appreciation market.
- Salt Lake was recently rated by the Wall Street Journal as the most undervalued market in the nation.
- The median home price is around $150K and a median income of about $50K.
Facts leading to the appreciation:
- Most undervalued market lots of disposable income on housing pushing people to pay more for housing (Wall Street Journal )
- Rebounding economy that has been over double the national average since 2003.
- Population grown. Rated number 5 in nation in most recent census analysis on growth.
Utah is a very versatile real estate market as well as being a paradise for outdoor enthusiasts offering wonderful communities near fabulous recreation areas! Many residential units in this market can generate positive cash flow with little money down. We have also seen a large demand for new construction properties and the ability for investors to sell them on the retail market. While this has historically been the case we are seeing shift in the Salt Lake market towards an appreciation market. Salt Lake was recently rated by the Wall Street Journal as the most undervalued market in the nation. We have a median home price of about 150K and a median income of about 50K. These numbers indicate that most people have more disposable income on housing in comparison with other major metropolitan cities.
Below are some of the investment properties that have already Sold, or are Sale Pending on the Investor Concierge™. With our diverse selection, you’ll have many opportunities to find the property that’s right for you!
10317 N. Tamarack Way (Lot 29), Pleasant Grove, UT Purchase Price: $265,200 Est. Market Value: $340,000 Total Est. Out of Pocket Expenses : $15,000 Est. Sales Price at 97% of Appraised Value: $329,800 Est. Investor Profit : $18,400 Est. Cash on Cash Return: 123%
720 S 1200 W - Unit 56, Orem , UT Purchase Price: $192,000 Est. Market Value: $192,000 Est. Equity: -0 Est. Down Payment: No Money Down! Est. Monthly Cash Flow: $125 Est. Pre-Tax Cash on Cash Return: 12%
802 22nd Street, Ogden, UT 84401 Purchase Price: $90,900 Est. Market Value: $101,000 Est. Investor Total Cash to Close: $5,000 Est. Equity: $10,100 Est. Monthly Cash Flow: $134 Est. Pre-Tax Cash on Cash Return: 32%
The information shown above is a summary of the estimates which were presented on the Investor Concierge at the time each property was listed for sale. These estimates were based on past performance averages and information available from third parties that was assumed to be accurate at the time of their publication. Actual results can and will vary due to a variety of market conditions including, interest rates, property operating costs, unexpected expenses, tenant availability, vacancy rates and market tolerance. It is up to each individual investor to do their own due diligence on all subject matter relating to real estate investing and the above mentioned property. Information is deemed reliable but not guaranteed.
All investments contain certain risks. Because the success or failure of investments depends on a number of factors including market conditions and individual financial circumstances, The Real Market Experts Franchise, Inc. does not make any predictions or guarantees as to the results you will obtain.
The Real Market Experts Franchise Inc. does not control the accuracy of the information displayed in this advertisement, is not the publisher of the information, but acts solely as the distributor for its participants.
