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South Salt Lake — Baird Ave

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Salt Lake County · 8 bd / 4 ba · 3,344 sqft · Fourplex · Assignable contract

Buy & holdBRRRR

$749,900

$224/sqft

ARV — MLS-verified

$1,000,000

Est. rent

$5,400/mo

Spread before rehab

$250,100

Wholesaler's claimed ARV: $1,089,000$89,000 above our estimate (9% higher).
How we got our ARV: verified against 3 MLS sold comps within 1 mi (Dec 2025 – Jun 2026), aggregate sold range $750,000$1,089,000 net of concessions. All fourplexes in 84115, net of stated concessions. Tightest age match: 350 E Mansfield Ave (1977, 2,992 sf, $364/sf). Most recent: 1488 S 400 E (Jun 2026, 3,960 sf, $274/sf net of $20K concessions).

About this deal

Four matching 2-bed/1-bath units in central South Salt Lake with new vinyl windows already in — two vacant, two vacating, just carpet and paint from cash flow.

1978 fourplex with four matching 2-bed/1-bath units and new vinyl windows already installed — two units vacant, two vacating for a clean-slate lease-up. Three MLS-sold fourplex comps within a mile support the ARV, with the tightest age match selling at $364/sf. The offer deadline is Wednesday 8/12 at 3 PM — two days out. Buy-and-hold play on the lease-up; offer $700K–$730K.

Red Valley Real Estate presents every deal in the same format — asking price, ARV, and projected rent — so you can compare opportunities side by side. The ARV we show is our OWN conservative comp-based estimate, not the wholesaler's number: we comp every deal independently and lean to the low end, then show the wholesaler's claim beside ours so you can see the gap. Public-comp figures are marked provisional until our licensed agents confirm them against MLS sold data. We don't publish rehab numbers we can't stand behind: where you see a rehab range, it comes from our review of the property photos, and you can test your own assumptions with the calculators below or ask us to arrange a contractor walkthrough.

Key dates

Offers due: Wed, Aug 12, 2026

Offers due Wednesday 8/12 before 3 PM. Closing date not stated — ask Colby before submitting. Two units vacant now, two vacating for a clean-slate lease-up.

1 days to offer deadline

Run the flip numbers

Pre-loaded with this property's figures — drag to test your assumptions.

Flip results

Net profit$103,896
All-in (price + rehab + holding)$826,104
Holding costs$36,204
Selling costs$70,000
Return on cash in12.6%
Basis as % of ARV79% (70% rule target)

Estimates for planning only — not financial advice. ARV defaults to our conservative comp-based estimate; run your own comps.

Run the rental numbers

Pre-loaded with this property's figures — drag to test your assumptions.

Results

Monthly cash flow$518
Mortgage (P&I)$3,648
Operating expenses$1,234
↳ incl. taxes & insurance (auto est.)$694
Cap rate6.67%
Cash-on-cash return3.32%
Cash needed (down payment)$187,475

Estimates for planning only — not financial advice. Want a deal underwritten for real? Join the investor list.

Red Valley Real Estate. Wholesale opportunities are assignable-contract (equitable interest) positions sourced from third-party wholesalers; Red Valley does not hold the contract or represent the property seller unless otherwise disclosed. Figures are estimates for planning purposes and not financial advice.