5091 W 6055 S Salt Lake City, UT 84118

5 beds · 1 bath · 1,386 sq ft · Lot Size: 6,098 sq ft · Single Family Home · Kearns
Est. Property Value: $401,264

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5091 W 6055 S is in the Kearns neighborhood of Salt Lake City, UT. It is located in Salt Lake County and ZIP code 84118. This Single Family Home was built in 1988 and is approximately 37 years old. The single family home spans 1386 sq ft with 5 bedrooms and 1 bathroom and sits on a 6098 sq ft lot. According to public records, it was last sold in 2015 for $202,308 and has a tax-assessed value of $380,900, which is $290 per sq ft. The Kearns area of Salt Lake City has 4041 residential homes with an average size of 1787 sq ft. Analyze and compare real estate investment strategies for properties like this home at 5091 W 6055 S Salt Lake City, UT 84118 with Property Intel by Whitepages.

Owners & Occupancy for 5091 W 6055 S

No contact information is available.

Occupancy

Resident 1***************
Resident 2**************** age 39
Resident 3******************

Property Financials for 5091 W 6055 S

5091 W 6055 S, Salt Lake City, UT has a mortgage from Ranlife Inc (orig. March 23, 2023). The Salt Lake county assessment for 2024 values it at $380,900, with annual taxes of $2,838.

Mortgage & Equity Information

Loan Amount$******
LenderRanlife Inc
Origination DateMarch 23, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateJune 29, 2015
Property Tax Amount$2,838 in 2024
Purchase Price$202,308
Assessed Value$380,900 on 2024

Investment Potential for 5091 W 6055 S

The property has a current estimated value of $401,264, which is 4% below the neighborhood median, based on public records. It last sold on June 29, 2015 for $202K. Projected long-term
is $26,400 annually ($2,200 per month) with a 99% occupancy rate.

Discover more Single Family Homes in Kearns.

Long-Term

Gross Rental
$26,400 per year($2,200 per month)
Net Operating Income
Cap Rate
Occupancy Rate
99%in 84118 zip code
 
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Property Details for 5091 W 6055 S

Property Details

Property Sq Ft

Living Area

1,386 sq ft

22% below market

Lot Size

6,098 sq ft

13% below market

Price Per Sq Ft

Living Area

$290 / sq ft

24% above market

Lot Size Area

$66 / sq ft

13% above market

Property condition, age, exterior, etc. for 5091 W 605…
Longitude: -112.0125 Latitude: 40.641011 Parcel Number (APN): 20-13-452-005-0000…

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Market Benchmarks

Compare data for 5091 W 6055 S in Salt Lake County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$401,264
$596,115
-$194,851 (-33%)
YoY Price Change
2.08%
-585%
Year Built
1988
1994
-6 years
Living Space
1,386 sq ft
2,319 sq ft
-933 (-40%)
$ Per Living Sq Ft
$290
$261
$29 (11%)
Lot Size
6,098 sq ft
10,019 sq ft
-3921 (-39%)
$ Per Lot Sq Ft
$66
$57
$9 (15%)

Net Operating Income
$17,734
-$617 (-3%)
Annual Revenue
$26,400
$28,800
-$2,400 (-8%)
$10,933
-$1,650 (-15%)
Net Operating Income
$17,734
-$617 (-3%)
Cap Rate
3.11%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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