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$389,990

For Sale - Active
3687 S Highlander St, Salt Lake City, UT 84128
4 Beds
2 Baths
1,928 Square Feet
0.18 Acres Lot
Built in 1975
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 19, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$719
Cap Rate
4.1%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.3%

Property Description


0.18 Acres Lot
Built in 1975
For Sale - Active
Units n/a

Charming split-level home offers a perfect blend of mid-century character and modern comfort. Situated on a partially fenced .18-acre lot, the residence features 4 spacious bedrooms and 2 full bathrooms, providing ample space for family living and entertaining. Kitchen floor and deck are new + new AC unit and Furnace within last 5 years. Home's revival-style architecture is highlighted by a distinctive roofline and period-inspired details, reflecting the popular design trends of the mid-20th century. The split-level layout offers a practical separation of living spaces, with short staircases connecting the main A detached carport provides covered parking, while the adjacent workshop offers a dedicated space for hobbies, storage, or creative projects. The property's outdoor areas are ideal for gardening, relaxation, or hosting gatherings, enhancing the home's appeal. Located in a neighborhood known for its architectural diversity and historical significance, this home is a testament to the enduring appeal of revival-style design in Utah's residential landscape.

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Location


Property Details


Parking

  • Description: Parking: Uncovered
  • Details: Covered
  • Garage Spaces: 0
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Roof Material: Tar/Gravel

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1434130017
  • Lot Size: 7840 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Split-Entry/Bi-Level
  • Year Built: 1975

Tax Information

  • Annual Tax: $2,335

Utilities

  • Heating: Forced Air
  • Cooling: Ceiling Fan(s), Evaporative Cooling

Location

  • County: Salt Lake

Listing Details


Listed by:
Jennifer Affleck
Better Homes and Gardens Real Estate Momentum (Kaysville)

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2086500
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$719
Cap Rate
4.1%
Cash-on-Cash Return
-9.6%
Debt Coverage Ratio
0.65
Internal Rate of Return (5 years)
-5.3%

Purchase Details

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Purchase price:
$389,990
Amount financed:
-$311,992
Down payment:
$77,998
Closing costs:
$11,700
Rehab costs:
$0
Initial cash invested:
$89,698
Square feet:
1,928
Cost per square foot:
$202
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$311,992
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,042
Property tax:
$195
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,391

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$195-$2,335
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$745-$8,935

Cash Flow


Monthly Yearly
Net operating income:
$1,323 $15,876
Mortgage payments:
-$2,042 -$24,504
Cash flow:
$719 $8,628