Rental Property Underwriting in Salt Lake City, UT
Tight vacancy and strong appreciation; cash-flow difficult.
Typical SFR price
$500,000 – $620,000
3-bed rent (monthly)
$2,100 – $2,700
Effective property-tax rate
0.55% – 0.75%
Insurance (annual, ~$300k SFR)
$1,100 – $1,700
Gross rent-to-price (monthly)
0.42% – 0.52%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Salt Lake City different
- Vacancy runs 3-5% — model 4% rather than the 5-7% default.
- Wasatch Front sub-markets vary widely; SLC County ≠ Utah County.
- Consider ADUs — SLC ordinances have loosened materially since 2022.
Quick worked example
Mid-range Salt Lake City deal: $560,000 purchase, $2,400/mo rent → gross yield 5.14%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.