8333 S IRIS LUMI, Midvale, UT 84047
2BD/—BA Residential in Midvale, UT 84047. 1,080 sqft. Built 2026. Listed at $374,900. MLS #2132060.
2BD/—BA Residential in Midvale, UT 84047. 1,080 sqft. Built 2026. Listed at $374,900. MLS #2132060.
**Utah's local award winning builder, Holmes Homes, is back with some amazing new condos! Located in the center of the valley in Midvale, this community is easily accessible to anywhere in the valley. Call today to schedule an appointment and secure your unit in these early phases!** **preferred lender incentives offered**
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN BLUFFS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stone,Stucco,Cement Siding
Lot Size
0.01 sq ft
Above Grade Area
1,080 sq ft
Condition
Blt./Standing
MLS #
2132060
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN BLUFFS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stone,Stucco,Cement Siding
Lot Size
0.01 sq ft
Above Grade Area
1,080 sq ft
Condition
Blt./Standing
MLS #
2132060
List Price
$374,900
HOA Fees
$200 / Monthly
Home Warranty
Yes
List Price
$374,900
HOA Fees
$200 / Monthly
Home Warranty
Yes
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Flooring
Carpet
Basement
Slab
Materials
Brick,Stone,Stucco,Cement Siding
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Flooring
Carpet
Basement
Slab
Materials
Brick,Stone,Stucco,Cement Siding
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
5% below
vs Market Median
0% above
Area Growth (YoY)
3.0%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 5% below the median of similar listings
3.0% year-over-year ZHVI growth in this area
Priced 0% above the per-subtype city median
LT net cashflow -$1,095/mo (-42.2% return on ownership cost) · STR net cashflow -$1,322/mo (-50.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$1,707/mo
Range: $1,239 – $2,176
Net Monthly Cash Flow
−$1,096 /mo (−$13,146/yr)
Monthly rental income
Monthly ownership cost
Coverage
66%
Net /mo
−$1,095
DSCR
0.79
Est. Annual Revenue
$21,872/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,321 /mo (−$15,850/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$1,322
DSCR
0.67
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$440,000
-15% vs median
56 days
96
$234,900 – $768,112
$200/monthly
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