425 1000, Salt Lake City, UT 84102
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 1972. Listed at $315,000. MLS #2153892.
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 1972. Listed at $315,000. MLS #2153892.
Welcome to 514C Incline Terrace. This top-floor unit boasts quiet comfort. Enter the unit through the connected kitchen/living room that contains an electric range, a full-sized refrigerator, a dishwasher, a microwave, and an abundance of storage. The living room houses an electric fireplace with a beautiful mantle, a coat closet, drawers for storage, and shelves for a possible dry bar or bookshelf. The sizable bedroom includes a walk-in closet with built-in drawers and cubbies. The bathroom area can be entered through the beautiful barn door in the kitchen or through the bedroom, allowing easy access. The east-facing patio gets lovely morning sunshine. Large windows allow for an abundance of natural light. Park your car in an assigned covered carport and enter the building through a secured door. On-site laundry is available in the building. Get anywhere on the University of Utah campus by car in 3-5 minutes. Walk to the main campus in 15 minutes. Trax and bus lines right outside the building will get you downtown or up to the ski resorts.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2153892
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2153892
List Price
$315,000
HOA Fees
$300 / Monthly
Annual Taxes
$1,351
Home Warranty
No
List Price
$315,000
HOA Fees
$300 / Monthly
Annual Taxes
$1,351
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Membrane
Basement
None
Materials
Aluminum,Brick
Appliances
Portable Dishwasher,Microwave,Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Membrane
Basement
None
Materials
Aluminum,Brick
Appliances
Portable Dishwasher,Microwave,Refrigerator
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
2
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
7% below
vs Market Median
5% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 7% below the median of similar listings
Priced 5% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$1,142/mo (-47.5% return on ownership cost) · STR net cashflow -$1,541/mo (-64.1% 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
$1,432/mo
Range: $680 – $2,184
Net Monthly Cash Flow
−$1,142 /mo (−$13,707/yr)
Monthly rental income
Monthly ownership cost
Coverage
60%
Net /mo
−$1,142
DSCR
0.80
Est. Annual Revenue
$14,768/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,542 /mo (−$18,499/yr)
Monthly STR income
Monthly ownership cost
Coverage
51%
Net /mo
−$1,541
DSCR
0.55
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
-45% vs median
57 days
615
$184,000 – $7,995,000
$1,351
$300/monthly
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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