225 FERN, Salt Lake City, UT 84103
—BD/—BA Residential in Salt Lake City, UT 84103. 1,309 sqft. Built 1888. Listed at $384,900. MLS #2147363.
—BD/—BA Residential in Salt Lake City, UT 84103. 1,309 sqft. Built 1888. Listed at $384,900. MLS #2147363.
**AGENTS** Enter with caution, keep your clients close. Investor special, home is gutted. Fixer upper in one of the premier neighborhoods of SLC - Capitol Hill/Marmalade area. By scheduling a showing through Align you acknowledge you enter the property at your own risk. Bring your contractor and inspector. Cash only purchase. Home has settling issues, missing windows, and needs plenty of work. City approved building plans included in the sale.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
3
Subdivision
MARMALADE
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.08 sq ft
Above Grade Area
1,209 sq ft
Condition
Blt./Standing
MLS #
2147363
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
3
Subdivision
MARMALADE
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.08 sq ft
Above Grade Area
1,209 sq ft
Condition
Blt./Standing
MLS #
2147363
List Price
$384,900
Original Price
$399,900
Annual Taxes
$1,131
Home Warranty
No
List Price
$384,900
Original Price
$399,900
Annual Taxes
$1,131
Home Warranty
No
Roof
Asphalt
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Roof
Asphalt
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
4
Covered Spaces
0
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
34% below
vs Market Median
2% above
Price Reduced
3.8%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 34% below the median of similar listings
LT net cashflow +$34/mo (+1.3% return on ownership cost) · STR net cashflow -$1,886/mo (-74.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
4% price reduction from original list — seller may be motivated
Priced 2% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
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
$2,909/mo
Range: $345 – $5,472
Net Monthly Cash Flow
+$35 /mo (+$415/yr)
Monthly rental income
Monthly ownership cost
Coverage
115%
Net /mo
+$34
DSCR
1.33
Est. Annual Revenue
$10,961/yr
$154/night · 54% occupancy · $58/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$1,886 /mo (−$22,632/yr)
Monthly STR income
Monthly ownership cost
Coverage
36%
Net /mo
−$1,886
DSCR
0.33
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$570,000
-32% vs median
57 days
615
$184,000 – $7,995,000
$1,131
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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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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