8359 IRIS LUMI, Midvale, UT 84047
2BD/—BA Residential in Midvale, UT 84047. 1,080 sqft. Built 2024. Listed at $357,000. MLS #2168796.
2BD/—BA Residential in Midvale, UT 84047. 1,080 sqft. Built 2024. Listed at $357,000. MLS #2168796.
Welcome to this light filled, move in ready 2 bedroom/2 bathroom condo in the heart of Midvale! This like new home offers the perfect blend of modern style and everyday comfort, featuring stunning flooring throughout the main living areas, modern tile in the bathrooms, and plush carpet in the bedrooms only. The bright, open kitchen is fantastic with crisp white cabinets, quartz countertops, stainless steel appliances. This home is perfect for hosting friends or enjoying a cozy night in. The open concept layout creates an inviting space that feels both functional and stylish. Located just minutes from freeway access, shopping, dining, and entertainment, you will love the convenience of this central location without sacrificing a peaceful neighborhood feel. One of the best perks? No active construction in this section of the community. Future amenities, including a park and clubhouse, are being built across the street in Phase 2, so you can look forward to added value while enjoying the quiet today. Whether you are buying your first home, downsizing, or looking for a low maintenance lifestyle, this condo checks all the boxes. Just unpack, settle in, and start enjoying your new home. Agent is related to sellers. Square footage figures are provided as a courtesy estimate only, buyer to verify all.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN HEIGHTS
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Above Grade Area
1,080 sq ft
Condition
Blt./Standing
MLS #
2168796
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
JORDAN HEIGHTS
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Above Grade Area
1,080 sq ft
Condition
Blt./Standing
MLS #
2168796
List Price
$357,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,100
Home Warranty
No
List Price
$357,000
HOA Fees
$200 / Monthly
Annual Taxes
$2,100
Home Warranty
No
Heating
Electric
Cooling
Central Air
Roof
Flat
Flooring
Carpet,Tile
Basement
None
Materials
Stucco,Cement Siding
Appliances
Microwave
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Electric
Cooling
Central Air
Roof
Flat
Flooring
Carpet,Tile
Basement
None
Materials
Stucco,Cement Siding
Appliances
Microwave
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
2
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
10% below
vs Market Median
1% below
Area Growth (YoY)
2.7%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 10% below the median of similar listings
Priced 1% below the per-subtype city median
2.7% year-over-year ZHVI growth in this area
LT net cashflow -$1,132/mo (-42.8% return on ownership cost) · STR net cashflow -$1,398/mo (-52.9% 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
$1,717/mo
Range: $1,631 – $1,804
Net Monthly Cash Flow
−$1,132 /mo (−$13,585/yr)
Monthly rental income
Monthly ownership cost
Coverage
65%
Net /mo
−$1,132
DSCR
0.84
Est. Annual Revenue
$21,347/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,398 /mo (−$16,778/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,398
DSCR
0.69
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
$2,100
$200/monthly
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