254 WATER MILL, Midvale, UT 84070
3BD/—BA Residential in Midvale, UT 84070. 2,898 sqft. Built 2026. Listed at $733,870. MLS #2154663.
3BD/—BA Residential in Midvale, UT 84070. 2,898 sqft. Built 2026. Listed at $733,870. MLS #2154663.
Rare Rambler Opportunity at The Mill! This brand-new, never-lived-in rambler is a rare find in this community, with limited rambler lots available-opportunities like this don't come up often. Ready September/October 2026, this home offers bright, open living, durable modern finishes, and the ease of front and back yard landscaping included for a seamless move-in. Life at The Mill extends beyond your front door with a community BBQ patio, playground, and convenient access to dining, shopping, TRAX, and Real Salt Lake games. Commuters will love quick access to I-15 and I-215, while nearby canyons offer year-round adventure. Built with comfort and efficiency in mind, this home includes Solar-E windows, advanced insulation, an energy recirculation system, EV outlet, and low-maintenance landscaping. Backed by a full builder warranty, this rare rambler delivers the benefits of brand-new construction from day one. Schedule your tour today!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Lot Size
0.1 sq ft
Above Grade Area
1,450 sq ft
MLS #
2154663
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
County
Salt Lake
Lot Size
0.1 sq ft
Above Grade Area
1,450 sq ft
MLS #
2154663
List Price
$733,870
Home Warranty
No
List Price
$733,870
Home Warranty
No
Basement
Full
Basement
Full
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
45/100
vs Similar Homes
26% above
vs Market Median
6% above
Area Growth (YoY)
3.0%
Deal Score Breakdown
45/100
3.0% year-over-year ZHVI growth in this area
Priced 6% above the per-subtype city median
LT net cashflow -$938/mo (-20.2% return on ownership cost) · STR net cashflow -$1,922/mo (-41.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 26% 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
$4,202/mo
Range: $3,188 – $5,216
Net Monthly Cash Flow
−$937 /mo (−$11,249/yr)
Monthly rental income
Monthly ownership cost
Coverage
91%
Net /mo
−$938
DSCR
1.01
Est. Annual Revenue
$46,508/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,924 /mo (−$23,085/yr)
Monthly STR income
Monthly ownership cost
Coverage
84%
Net /mo
−$1,922
DSCR
0.74
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
16
Available Providers
$440,000
+67% vs median
56 days
91
$235,000 – $768,112
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