2257 KARALEE, Sandy, UT 84092
4BD/—BA Residential in Sandy, UT 84092. 2,800 sqft. Built 1983. Listed at $869,000. MLS #2150951.
4BD/—BA Residential in Sandy, UT 84092. 2,800 sqft. Built 1983. Listed at $869,000. MLS #2150951.
Stunningly remodeled home, featuring a successful short-term rental in the basement! Every detail has been meticulously updated, ensuring that you'll be delighted with your new living space. This beautiful home not only offers a comfortable lifestyle but also presents an opportunity for serious cash flow from the rental unit. Additionally, there are several areas that can be further enhanced to boost both your enjoyment and potential rental income. Located just a stone's throw from the breathtaking Cottonwood Canyons, this property is an exceptional find. Don't miss your chance to own a home that combines modern living with lucrative investment potential!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family, Short Term Rental Allowed
Construction
Aluminum,Brick
Lot Size
0.23 sq ft
Above Grade Area
1,400 sq ft
Condition
Blt./Standing
MLS #
2150951
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family, Short Term Rental Allowed
Construction
Aluminum,Brick
Lot Size
0.23 sq ft
Above Grade Area
1,400 sq ft
Condition
Blt./Standing
MLS #
2150951
List Price
$869,000
Original Price
$889,000
Annual Taxes
$3,830
Home Warranty
No
List Price
$869,000
Original Price
$889,000
Annual Taxes
$3,830
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Aluminum,Brick
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Full
Materials
Aluminum,Brick
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
11
Garage Spaces
3
Covered Spaces
3
Total Parking
11
Classification
Standard
Deal Score
25/100
vs Similar Homes
10% above
vs Market Median
18% above
Price Reduced
2.3%
Area Growth (YoY)
2.4%
Deal Score Breakdown
25/100
2% price reduction from original list — seller may be motivated
2.4% year-over-year ZHVI growth in this area
Priced 10% above the median of similar listings
Priced 18% above the per-subtype city median
LT net cashflow -$2,373/mo (-40.4% return on ownership cost) · STR net cashflow -$2,957/mo (-50.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$3,971/mo
Range: $2,358 – $5,583
Net Monthly Cash Flow
−$2,372 /mo (−$28,469/yr)
Monthly rental income
Monthly ownership cost
Coverage
68%
Net /mo
−$2,373
DSCR
0.80
Est. Annual Revenue
$49,888/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$2,957 /mo (−$35,485/yr)
Monthly STR income
Monthly ownership cost
Coverage
71%
Net /mo
−$2,957
DSCR
0.66
$659,900
+32% vs median
41 days
250
$16,000 – $9,000,000
$3,830
Moderate
9.7
per 1,000
32.1
per 1,000
8.1
per 1,000
49.9
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

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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