8395 IRIS LUMI, Midvale, UT 84047
2BD/—BA Residential in Midvale, UT 84047. 1,011 sqft. Built 2021. Listed at $353,900. MLS #2165040.
2BD/—BA Residential in Midvale, UT 84047. 1,011 sqft. Built 2021. Listed at $353,900. MLS #2165040.
Welcome to this move-in ready 2-bedroom, 2-bath condo. Whether you're a first-time homebuyer, looking to downsize, or searching for a great investment opportunity, this home offers the perfect combination of comfort, convenience, and low-maintenance living. The open-concept layout creates a bright and inviting atmosphere, while the thoughtfully designed floor plan provides both functionality and privacy. Enjoy easy living with modern finishes and a space that is ready for you to make your own. Ideally located in the heart of Midvale, you'll have quick access to I-15, shopping, dining, entertainment, and public transportation, making commuting and everyday errands a breeze. Don't miss your chance to own a home in one of the valley's most convenient locations. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN HEIGHTS
County
Salt Lake
Construction
Brick,Stone,Stucco
Lot Size
0.1 sq ft
Above Grade Area
1,011 sq ft
Condition
Blt./Standing
MLS #
2165040
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN HEIGHTS
County
Salt Lake
Construction
Brick,Stone,Stucco
Lot Size
0.1 sq ft
Above Grade Area
1,011 sq ft
Condition
Blt./Standing
MLS #
2165040
List Price
$353,900
Original Price
$359,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,091
Home Warranty
No
List Price
$353,900
Original Price
$359,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,091
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Flat
Flooring
Carpet
Basement
None
Materials
Brick,Stone,Stucco
Appliances
Portable Dishwasher,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Flat
Flooring
Carpet
Basement
None
Materials
Brick,Stone,Stucco
Appliances
Portable Dishwasher,Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
3
Covered Spaces
1
Total Parking
3
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
10% below
vs Market Median
0% above
Price Reduced
1.4%
Area Growth (YoY)
2.7%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 10% below the median of similar listings
Priced 0% above the per-subtype city median
1% price reduction from original list — seller may be motivated
2.7% year-over-year ZHVI growth in this area
LT net cashflow -$1,208/mo (-46.1% return on ownership cost) · STR net cashflow -$1,426/mo (-54.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
−$1,209 /mo (−$14,503/yr)
Monthly rental income
Monthly ownership cost
Coverage
61%
Net /mo
−$1,208
DSCR
0.80
Est. Annual Revenue
$20,518/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,425 /mo (−$17,097/yr)
Monthly STR income
Monthly ownership cost
Coverage
65%
Net /mo
−$1,426
DSCR
0.67
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$449,900
-21% vs median
48 days
99
$250,000 – $850,000
$2,091
$200/monthly
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