8373 IRIS LUMI, Midvale, UT 84047
2BD/—BA Residential in Midvale, UT 84047. 1,011 sqft. Built 2022. Listed at $360,000. MLS #2163055.
2BD/—BA Residential in Midvale, UT 84047. 1,011 sqft. Built 2022. Listed at $360,000. MLS #2163055.
Beautiful 2 bed, 2 bath condo in a prime Midvale location! Step inside and you're welcomed by a spacious open concept floor plan with 9 ft ceilings. The kitchen features dark cabinetry accented by white quartz countertops and stainless steel appliances. The primary bedroom has its own attached bath with a large super shower, double vanity sinks and a walk in closet. The second bedroom works well for guests, an office, or additional flex space. Fantastic location close to shopping, restaurants, and quick freeway access. Planned community amenities include a clubhouse, pool and gym.
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
1,011 sq ft
Condition
Blt./Standing
MLS #
2163055
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
1,011 sq ft
Condition
Blt./Standing
MLS #
2163055
List Price
$360,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,091
Home Warranty
No
List Price
$360,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,091
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Flooring
Carpet,Laminate
Basement
None
Materials
Brick,Stone,Stucco,Cement Siding
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Flooring
Carpet,Laminate
Basement
None
Materials
Brick,Stone,Stucco,Cement Siding
Appliances
Dryer,Refrigerator,Washer
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
9% below
vs Market Median
4% above
Area Growth (YoY)
2.7%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 9% below the median of similar listings
Priced 4% above the per-subtype city median
2.7% year-over-year ZHVI growth in this area
LT net cashflow -$1,247/mo (-46.9% return on ownership cost) · STR net cashflow -$1,464/mo (-55.0% 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
$1,607/mo
Range: $1,527 – $1,688
Net Monthly Cash Flow
−$1,247 /mo (−$14,968/yr)
Monthly rental income
Monthly ownership cost
Coverage
60%
Net /mo
−$1,247
DSCR
0.78
Est. Annual Revenue
$20,518/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,464 /mo (−$17,562/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$1,464
DSCR
0.66
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$449,900
-20% vs median
48 days
99
$250,000 – $850,000
$2,091
$200/monthly
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