ZIP CODE 84074 // SALT LAKE CITY, UT // DATA AS OF 2026-09-30
Erda, UT (84074) Rental Property Cap Rate & Cash Flow Report
Located in Tooele County (Erda, UT), Zip Code 84074 ranks #286 of 500 within this selected sample (43th percentile) with a Zillow ZHVI typical home-value index of $460,066 (-0.5% YoY) and a ZORI observed market rent of $1,728/mo (-0.4% YoY). Requires at least 61.7% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,214/mo
Annual: -$14,568/yr
Modeled Cap Rate
2.90%
NOI: $13,348/yr
Cash-on-Cash Return
-13.77%
Cash Needed: $105,815
1% Rule Ratio
0.38%
Gross Yield: 4.51%
Break-Even Rent
$3,123/mo
State Tax: 0.52%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 84074 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (UT Avg 0.52%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,326/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$616/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (84074)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2023 | $452,950 | $1,666/mo | 4.41% |
| 2024 | $461,047 | $1,749/mo | 4.55% |
| 2025 | $462,509 | $1,735/mo | 4.50% |
| 2026 | $460,066 | $1,728/mo | 4.51% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 84015 Clearfield, UT | $459,048 | $1,712/mo | 2.87% | -$1,222/mo |
| 84043 Lehi, UT | $577,253 | $2,252/mo | 3.05% | -$1,450/mo |
| 84404 Ogden, UT | $425,067 | $1,695/mo | 3.14% | -$1,036/mo |
| 84096 Herriman, UT | $598,541 | $2,064/mo | 2.58% | -$1,740/mo |
| 60629 Chicago, IL | $273,942 | $1,404/mo | 2.90% | -$723/mo |
| 33157 Village of Palmetto Bay, FL | $627,146 | $2,515/mo | 2.90% | -$1,657/mo |