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Midvale — S Ivy Dr

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Salt Lake County · 4 bd / 1 ba · 1,800 sqft · Single family · Assignable contract

Buy & holdFlip

$291,000

$162/sqft

ARV — MLS-verified

$430,000

Est. rent

$2,200/mo

Spread before rehab

$139,000

Wholesaler's claimed ARV: $450,000$20,000 above our estimate (5% higher).

About this deal

1970 Midvale 4-bed rambler with a full basement, four houses from a rental we already manage at $2,200/mo — a $291K assignment against a $430K ARV with a light $40–50K rehab scope.

Four-bed, one-bath 1970 Midvale rambler on a 0.15-acre lot with a full basement, offered as a $291K assignable contract. A light $40–50K rehab plus the finished basement supports a $430K after-repair value — the CMA's combined adjusted total on three MLS-sold Midvale comps — and the hold path is anchored by a rental comp four houses down that we already manage at $2,200/mo. The catch is the single full bath: a 4/1 rents and resells below a true 4/2, so keep that in mind on either the exit price or the offer.

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

Walkthrough: Tue, Sep 15, 2026

Offers due: Wed, Sep 16, 2026

Settlement deadline: Fri, Oct 16, 2026

Walkthrough Tue 9/15 @ 12:00 PM; offers due Wed 9/16 @ 12:00 PM; $10K non-refundable EMD due with offer. Closing 10/16, possession 11/20. As-is, where-is; buyer performs own due diligence; POF or lender letter required with offer. Occupied.

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Run the flip numbers

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

Flip results

Net profit$53,729
All-in (price + rehab + holding)$346,171
Holding costs$15,171
Selling costs$30,100
Return on cash in15.5%
Basis as % of ARV77% (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$234
Mortgage (P&I)$1,416
Operating expenses$550
↳ incl. taxes & insurance (auto est.)$330
Cap rate6.80%
Cash-on-cash return3.86%
Cash needed (down payment)$72,750

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.