556 NEW STAR, Salt Lake City, UT 84116
6BD/—BA Residential in Salt Lake City, UT 84116. 2,116 sqft. Built 1974. Listed at $499,800. MLS #2145923.
6BD/—BA Residential in Salt Lake City, UT 84116. 2,116 sqft. Built 1974. Listed at $499,800. MLS #2145923.
**OPEN HOUSE SATURDAY (5/23) 10AM-12PM!** Come see this dreamy home minutes from downtown and the $3.5B Power District, this home sits in the path of Salt Lake City's most exciting growth and transformation. Enjoy quick access to TRAX, the airport, University of Utah, shopping, and top restaurants. Inside, you'll find 6 bedrooms and 3 full bathrooms, including a true primary suite. The 6th bedroom offers flexibility for an office or bonus space (no closet). Updates include kitchen, newer windows, newer AC, and full sprinkler system. The walkout basement offers excellent potential for a full or partial apartment, ideal for house hacking or short, mid, or long term rental income. Move in ready with all appliances included, featuring two refrigerators plus washer and dryer. Outside features RV or toy parking, a large shed, and a spacious garage with workspace. Just minutes away, the Power District is bringing a revitalized Jordan River corridor and riverwalk, along with a walkable mix of housing, retail, and entertainment. Future plans include the USA Climbing National Training Center and a proposed MLB stadium, making this area one of the city's fastest growing destinations and the next Sugar House of SLC. Solar system in place to help offset utility costs. Contact agent for solar information. Come see this adorable home today! #investor #househack #biggerpockets #motherinlaw #basementapartment
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Split-Entry/Bi-Level
Stories
2
Subdivision
MORTON MEADOWS
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Brick
Lot Size
0.15 sq ft
Above Grade Area
1,091 sq ft
Condition
Blt./Standing
MLS #
2145923
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Split-Entry/Bi-Level
Stories
2
Subdivision
MORTON MEADOWS
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Brick
Lot Size
0.15 sq ft
Above Grade Area
1,091 sq ft
Condition
Blt./Standing
MLS #
2145923
List Price
$499,800
Original Price
$509,900
Annual Taxes
$2,231
Home Warranty
No
List Price
$499,800
Original Price
$509,900
Annual Taxes
$2,231
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
Full
Materials
Aluminum,Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Basement
Full
Materials
Aluminum,Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Strong Cash FlowDeal Score
65/100
vs Similar Homes
10% above
vs Market Median
0% above
Price Reduced
2.0%
Area Growth (YoY)
4.2%
Deal Score Breakdown
65/100 · 1 qualifying signal
LT net cashflow +$280/mo (+8.3% return on ownership cost) · STR net cashflow -$1,807/mo (-53.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
4.2% year-over-year ZHVI growth in this area
Priced 0% above the per-subtype city median
2% price reduction from original list — seller may be motivated
Priced 10% above the median of similar listings
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
$4,162/mo
Range: $3,261 – $5,063
Net Monthly Cash Flow
+$281 /mo (+$3,369/yr)
Monthly rental income
Monthly ownership cost
Coverage
123%
Net /mo
+$280
DSCR
1.45
Est. Annual Revenue
$26,998/yr
$154/night · 54% occupancy · $58/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$1,806 /mo (−$21,677/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,807
DSCR
0.62
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
-13% vs median
55 days
621
$184,000 – $7,995,000
$2,231
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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