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Magna — Helen Dr

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Salt Lake County · 3 bd / 2 ba · 1,765 sqft · Single family · Assignable contract

FlipBuy & hold

$299,000

$169/sqft

ARV — MLS-verified

$430,000

Est. rent

$1,800/mo

Spread before rehab

$131,000

Wholesaler's claimed ARV: $469,000$39,000 above our estimate (9% higher).

About this deal

Magna rambler with a garage, two-car carport and two sheds — a mostly-cosmetic rehab two doors from a fully remodeled comp that closed in the low $420s.

Magna rambler on a quiet Helen Dr block — three bed, two bath with a garage, two-car carport, powered workshop shed and a second shed, priced as a mostly-cosmetic rehab. The MLS comps are all turnkey four-bedrooms, anchored by a fully remodeled bungalow two doors down that closed in the low $420s, so the seller's claim runs well above where the street actually trades. The upside is a cheap, fast rehab plus the extra outbuildings; the catch is the basement finish, which the county record can't confirm and which decides whether this works as a flip or a hold.

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. We only publish an ARV once our licensed agents have confirmed it against MLS sold comps — until then it reads "Pending MLS verification." 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

Settlement deadline: Tue, Sep 15, 2026

Settlement 9/15/26. $10K non-refundable EMD due 5 PM on the offer-deadline date (date not stated — confirm with the contract holder). Cash or hard-money buyers preferred; buyer pays both sides of closing costs. Occupied — shown by appointment only.

Run the flip numbers

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

Flip results

Net profit$45,363
All-in (price + rehab + holding)$354,538
Holding costs$15,538
Selling costs$30,100
Return on cash in12.8%
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-$171
Mortgage (P&I)$1,454
Operating expenses$517
↳ incl. taxes & insurance (auto est.)$337
Cap rate5.15%
Cash-on-cash return-2.75%
Cash needed (down payment)$74,750

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.