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South Daniel, UT Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,496
Monthly Cash Flow
-$1,384
Principal + Equity
$6,719
Annual Total Gain
$64,027
Cash on Cash
-7.95%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$363
Occupancy Rate
41.94%
Monthly Revenue
$3,308
Monthly Cash Flow
-$1,068
Principal + Equity
$6,719
Annual Total Gain
$67,821
Cash on Cash %
-6.14%
Net ROI %
Market Health & Growth
Median Income
$102,143
Population
0
LTR Renter %
9.57%
Forecast (1 yr)
2.9%
Appreciation (1 yr)
-0.63%
Appreciation (5 yr)
49.99%
Appreciation (10 yr)
131.07%
Job Growth
0%
LTR Rentability
Low
STR Demand
51
STR Rentals
578
Top Public Schools
B-South Summit Middle School
CSouth Summit High School
C
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C-
Overall
Top-level market grade
Explore neighborhood ratings across key factors like public schools, housing, safety, and cost of living.
C
Public School
F
Crime And Safety
C-
Housing
B-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in South Daniel, UT.
As of now, South Daniel, UT does not have specific regulations in place for Short Term Rentals (STRs). However, it is important for investors to be aware that regulations can change quickly and it is advisable to stay informed about any updates or changes in local laws regarding STRs.
Before investing in a property for Short Term Rental in South Daniel, UT, investors should consider the following:
1. Zoning regulations: Check with the local zoning department to ensure that the property is zoned for Short Term Rentals. Some areas may have restrictions on STRs in certain zones.
2. Business licenses and permits: Investors may need to obtain a business license or permit to operate a Short Term Rental in South Daniel, UT. It is important to research and comply with any licensing requirements.
3. Taxes: Investors should be aware of any local occupancy taxes or transient occupancy taxes that may apply to Short Term Rentals in South Daniel, UT. It is important to understand and comply with tax regulations to avoid any penalties.
4. Homeowners' association (HOA) rules: If the property is located in a community with an HOA, investors should review the HOA rules and regulations regarding Short Term Rentals. Some HOAs may have restrictions or guidelines for STRs.
5. Insurance: Investors should consider obtaining specialized insurance coverage for Short Term Rentals to protect their investment and mitigate any potential risks.
Overall, investors should conduct thorough research and due diligence before purchasing a property for Short Term Rental in South Daniel, UT to ensure compliance with local regulations and to maximize the success of their investment.
Market Trends Over Time
Market trend data is not yet available for South Daniel, UT.
Nearest Markets
Explore nearby investment markets close to South Daniel, UT.
The LTR Genie Score of South Daniel, UT is 56 and STR Genie Score is 56, indicating a moderate level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be due to the stagnant LTR Rent Growth Rate of 0.0%. However, the LTR Net ROI of 30.67% and STR Net ROI of 32.49% suggest that investors can still achieve favorable returns in this market. The 1-Year Price Appreciation Forecast of 2.9% indicates potential for property value growth. The STR Occupancy rate of 41.94% and STR Revenue of 3308 demonstrate a demand for short-term rentals in the area.
South Daniel, UT is a growing market with potential for investment opportunities in both long-term and short-term rentals. The moderate Genie Scores suggest that investors may need to carefully evaluate the market dynamics before making a decision. Considering the relatively high STR Net ROI and demand for short-term rentals, investors may find success in diversifying their portfolio with both long-term and short-term rental properties in South Daniel, UT. However, thorough market research and analysis are recommended to make informed investment decisions in this market.
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