4542 PARKES PEAK, Herriman, UT 84096
3BD/—BA Residential in Herriman, UT 84096. 2,370 sqft. Built 2023. Listed at $515,000. MLS #2168470.
3BD/—BA Residential in Herriman, UT 84096. 2,370 sqft. Built 2023. Listed at $515,000. MLS #2168470.
Beautiful Home in a Prime Herriman Location This property at 4542 W Parkes Peak Ln in Herriman offers a fantastic opportunity to own a home in one of the most desirable and fastgrowing areas of Utah. Located in a wellestablished neighborhood, it provides convenient access to Mountain View Corridor, top-rated schools, parks, and shopping centers. The area is known for its clean streets, familyfriendly environment, and stunning views of the surrounding mountains. Whether you're preparing it for the market or highlighting its investment potential, this address benefits from Herriman's strong demand, modern developments, and excellent community amenities. Zillow- https://www.zillow.com/view-imx/cd1869f4-1679-4f0d-8fd9-e7919c49bfb6?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
MOUNTAIN RIDGE
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,630 sq ft
Condition
Blt./Standing
MLS #
2168470
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
3
Subdivision
MOUNTAIN RIDGE
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,630 sq ft
Condition
Blt./Standing
MLS #
2168470
List Price
$515,000
HOA Fees
$182 / Monthly
Annual Taxes
$3,200
Home Warranty
Yes
List Price
$515,000
HOA Fees
$182 / Monthly
Annual Taxes
$3,200
Home Warranty
Yes
Heating
Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Daylight,Full
Materials
Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Daylight,Full
Materials
Stucco
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Classification
Strong Cash FlowDeal Score
55/100
vs Similar Homes
7% above
vs Market Median
1% above
Area Growth (YoY)
4.7%
Deal Score Breakdown
55/100
LT net cashflow +$12/mo (+0.3% return on ownership cost) · STR net cashflow -$1,374/mo (-36.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
4.7% year-over-year ZHVI growth in this area
Priced 1% above the per-subtype city median
Priced 7% above the median of similar listings
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$4,241/mo
Range: $3,330 – $5,152
Net Monthly Cash Flow
+$11 /mo (+$138/yr)
Monthly rental income
Monthly ownership cost
Coverage
114%
Net /mo
+$12
DSCR
1.44
Est. Annual Revenue
$40,232/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,374 /mo (−$16,486/yr)
Monthly STR income
Monthly ownership cost
Coverage
90%
Net /mo
−$1,374
DSCR
0.91
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$588,200
-12% vs median
85 days
372
$325,000 – $2,750,000
$3,200
$182/monthly
Low Crime
4.9
per 1,000
14.2
per 1,000
1.9
per 1,000
20.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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