Back to listings
422 N HODGES LN, Salt Lake City, UT — photo 11 / 23

$400,000

422 N HODGES LN, Salt Lake City, UT 84116

Type

Townhouse

List Price

$400,000

Price/Sqft

$295

Est Gross Yield

6.5%

$25,956/yr est.

Property Details

Property typeTownhouse
Year built2008
Total units1
Living area1,355 sqft
Bedrooms3
Bathrooms2
Lot size0.05 acres
Parking2 spaces
Days on market71
Listed2026-07-23T00:00:00+00:00

Description

NO HOA!!!!! Which gives you more freedom and flexibility with your home. This is the most affordable option on the East that's over 1,250sqft. Tucked away on a quiet, no-through street, this home offers both convenience and comfort in a prime location just outside downtown SLC. Recent updates include a new AC and two-stage furnace with a smart thermostat, a new microwave, a new water pressure regulator, and new washer valves, giving you peace of mind on essential home systems. With all bedrooms located upstairs, the layout is designed to provide a natural separation between living and sleeping spaces for added comfort. Downstairs, the open living area and kitchen create a welcoming space for gathering, while nearby bike lanes, an easy I-15 entrance, and a five-minute walk to the bus stop make commuting a breeze. A small park just around the corner, plus plenty of restaurants, stores, and schools within a short drive, add to the everyday ease of this location. Buyer may receive a 1/0 buydown lowering the interest rate by one percent for one year by using our preferred lender at Intercap Lending. If a 1/0 buydown is not available for the specific program the buyer chooses then an equivalent lender credit may be provided.

Listed by Dustin Smith · Real Broker, LLC

Location

422 N HODGES LN, Salt Lake City, UT 84116

Proforma

Drag sliders to explore the deal

Cap Rate

4.32%

Cash-on-Cash

-0.96%

Cash Flow

-$120/mo

Purchase Price$400,000
Down Payment35% ($140,000)
Interest Rate6.00%
Monthly Rent$2,163/mo
Vacancy5%
Expense Ratio30% ($7,397)

Quick estimates only. Switch to Detailed for full line-item control.

Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 10/2/2026, 8:36:19 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.