For SaleRisky Deal27 days on market
1228 W Iola Ave
1228 W Iola Ave, Salt Lake City, UT 84104, Salt Lake City, UT 84104
$350,000
Estimate®:$352,400$2,400 Under Market
Listing Price
1228 W Iola Ave, Salt Lake City, UT 84104
Loc: Salt Lake City, UT
Days Listed
27
Tax Assessed
$311k
Estimate®
$352k
1% Under Valued
Lot Size
7,841 sqft
Rent Estimate
$2,519/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
3
Franklin School
PK-6
0.2 mi away
4
Salt Lake Center for Science Education Bryant
7-8
3 mi away
3
East High School
9-12
3.8 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family Residence1947CentralCentral AirNo Data7,840 sqft27 Days$196
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.79%
Total ROI
84.6%
Cash Flow
$-129/mo
DSCR
0.93
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-129/mo net cash flow with a 5.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.8%)
- • Strong rental demand in Salt Lake City
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $350,000 | $196 |
| 2026-08-27 | Pending sale | $350,000 | $196 |
| 2026-08-27 | Listed for sale | $350,000 | $196 |
| 2026-08-26 | Listing removed | $350,000 | $196 |
| 2026-08-07 | Price change | $350,000 | $196 |
| 2026-07-23 | Listed for sale | $365,000 | $205 |
| 2006-05-19 | Sold | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,579.99 | $170,995 |
| 2024 | $1,491.57 | $156,530 |
| 2023 | $1,369.11 | $138,490 |
| 2022 | $1,500.42 | $142,395 |
| 2021 | $1,308.98 | $112,475 |
| 2020 | $1,244.1 | $101,750 |
| 2019 | $1,268.02 | $97,570 |
| 2018 | $1,121.94 | $78,760 |
| 2017 | $1,051.05 | $145,600 |
| 2016 | $1,140.74 | $130,700 |
| 2015 | $1,078.35 | $124,100 |
| 2014 | $1,080.2 | $127,200 |
| 2013 | $0 | $97,600 |
| 2012 | $0 | $98,900 |
| 2011 | $0 | $103,200 |
| 2010 | $0 | $104,400 |
| 2009 | $0 | $105,400 |
| 2008 | $806.15 | $127,200 |
| 2007 | $0 | $133,500 |
| 2006 | $0 | $117,900 |
| 2005 | $0 | $100,800 |
| 2002 | $0 | $89,400 |
| 2001 | $0 | $100,900 |
| 2000 | $0 | $97,900 |
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