793 SALEM CANAL RD, Salem, UT 84653
2BD/—BA Residential in Salem, UT 84653. 2,277 sqft. Built 1947. Listed at $1,499,000. MLS #2152691.
2BD/—BA Residential in Salem, UT 84653. 2,277 sqft. Built 1947. Listed at $1,499,000. MLS #2152691.
Views, land, and opportunity. 4.22-acre property in Salem with two homes, fully fenced and zoned for animals. Flat, usable land with mountain views and a rare two-home setup. Ready for renovation, rebuild, or a fresh start. The main home (2 bed, 1 bath, approx. 2,277 sq ft) is in need of a full renovation or rebuild, while the second home provides additional flexibility for guest space, rental potential, or future plans. The acreage is flat, usable, fully fenced and zoned for animals, giving you a head start on creating the setup you've been looking for. The property is serviced by a well (re-drilled in 2000 to 320 feet) and includes 10 water shares, adding long-term value and functionality. Located in a growing area of Salem, you get the best of both worlds, space to spread out with convenient access to nearby amenities. If you've been looking for land with flexibility, views and real potential, this is a rare opportunity to make it your own.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick,Other
Lot Size
4.22 sq ft
Above Grade Area
2,277 sq ft
Condition
Blt./Standing
MLS #
2152691
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
County
Utah
Zoning
Single-Family
Construction
Asphalt,Brick,Other
Lot Size
4.22 sq ft
Above Grade Area
2,277 sq ft
Condition
Blt./Standing
MLS #
2152691
List Price
$1,499,000
Annual Taxes
$7,754
Home Warranty
No
List Price
$1,499,000
Annual Taxes
$7,754
Home Warranty
No
Heating
Gas: Radiant,Gas: Stove,Wood
Cooling
Natural Ventilation
Roof
Asphalt,Metal,Wood
Flooring
Carpet,Concrete
Basement
None
Materials
Asphalt,Brick,Other
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Well
Sewer
Sewer: Available,Septic Tank
View
Mountain(s)
Heating
Gas: Radiant,Gas: Stove,Wood
Cooling
Natural Ventilation
Roof
Asphalt,Metal,Wood
Flooring
Carpet,Concrete
Basement
None
Materials
Asphalt,Brick,Other
Laundry
Electric Dryer Hookup
Patio & Porch
Covered,Porch: Open,Patio: Open
Water Source
Well
Sewer
Sewer: Available,Septic Tank
View
Mountain(s)
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
62/100
vs Similar Homes
87% above
vs Market Median
178% above
Area Growth (YoY)
5.5%
Deal Score Breakdown
62/100 · 1 qualifying signal
5.5% year-over-year ZHVI growth in this area
Priced 87% above the median of similar listings
Priced 178% above the per-subtype city median
LT net cashflow -$7,950/mo (-78.6% return on ownership cost) · STR net cashflow -$8,667/mo (-85.7% 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
$2,459/mo
Range: $1,116 – $3,803
Net Monthly Cash Flow
−$7,951 /mo (−$95,406/yr)
Monthly rental income
Monthly ownership cost
Coverage
24%
Net /mo
−$7,950
DSCR
0.29
Est. Annual Revenue
$24,808/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$8,666 /mo (−$103,994/yr)
Monthly STR income
Monthly ownership cost
Coverage
20%
Net /mo
−$8,667
DSCR
0.19
$579,000
+159% vs median
84 days
153
$305,000 – $2,595,000
$7,754
Very Safe
2.9
per 1,000
7.6
per 1,000
4.7
per 1,000
15.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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