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Buy a rental in South Jordan, Utah: current rents, cap rates, which neighborhoods actually cash flow, and what management costs.
Ondo pairs neighborhood-level pricing, prep, and negotiation support with the realities of a $580K median home market in South Jordan.
Nearby Coverage
South Jordan's rental market presents a compelling investment opportunity. With a median home price of $580,000 and median rent of $1,800/month, the gross rent multiplier sits at approximately 26.9×, meaning the purchase price represents roughly 26.9 years of gross rental income. Population growth of 2.5% annually, driven by employers like Jordan School District and Merit Medical Systems, supports sustained rental demand. With 22% of South Jordan households renting, the tenant pool is established and active. We help investors identify properties that generate positive cash flow from day one and build long-term equity in South Jordan's appreciating market.
South Jordan living, particularly in Daybreak, is design-intentional. Morning routines include a TRAX commute from Daybreak station or a 10-minute drive to Silicon Slopes offices. SoDa Row provides walkable coffee, lunch, and evening dining. Oquirrh Lake is the community gathering spot for paddleboarding, fishing, and sunset walks. The District offers date-night dining and weekend shopping without crossing city lines. An extensive trail system connects parks, schools, and commercial areas, with dedicated paths in many Daybreak villages. Summer brings outdoor movie nights, food truck rallies, and the community Fourth of July celebration at the lake.
Median Home Price
$580K
Median Rent
$1,800/mo
Population
80,000
Annual Growth
2.5%
Avg Days on Market
26
Owner-Occupied
78%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We define your target returns, budget, preferred property type, and management expectations. Whether you're buying your first rental or adding to a portfolio, we tailor the search to your investment thesis.
For every property we present, you get a cash flow analysis including purchase price, down payment, financing costs, projected rent, operating expenses (vacancy, maintenance, insurance, taxes, management), and net yield. No surprises.
Once you close, our property management team takes over: marketing, tenant placement, rent collection, maintenance, and reporting. You get passive income without the daily operational burden.
School District: Jordan School District
Notable schools: Bingham High School, South Jordan Middle School, Elk Meadows Elementary
Affluent south-valley city anchored by the Daybreak master-planned community and growing tech corridor.
Outdoor Activities
Local Landmarks
Returns vary by property, financing, and management approach. In the current market, cash-on-cash returns for a well-purchased rental property typically range from 4–8% before appreciation. Cap rates for single-family rentals generally run 4–6%. Total returns including appreciation, principal paydown, and tax benefits can exceed 12–15% annually. We provide property-specific pro forma analysis so you know exactly what to expect before making an offer.
Investment property loans typically require 15–25% down for a single-family rental and 25% for 2–4 unit properties. Some portfolio lenders offer 10% down for strong borrowers. DSCR (debt service coverage ratio) loans are available for investors who prefer to qualify based on the property's rental income rather than personal income. We help you structure financing that preserves capital for multiple acquisitions.
It depends on your time, proximity, and number of properties. Self-management saves the management fee (typically 8–10% of rent) but requires you to handle tenant calls, maintenance coordination, rent collection, and legal compliance. As your portfolio grows past 2–3 units, the time investment usually exceeds the management fee savings. Our property management service handles everything from day one.
A 1031 exchange lets you defer capital gains taxes when you sell an investment property and reinvest the proceeds into a like-kind replacement property. Strict timelines apply: 45 days to identify replacement properties and 180 days to close. We coordinate with qualified intermediaries and help you identify replacement properties that improve your portfolio's cash flow and appreciation potential.
Daybreak is a 4,100-acre master-planned community developed by Kennecott Land that includes single-family homes, townhomes, apartments, retail, schools, and parks, all interconnected by trails and served by a TRAX station. The community's design philosophy emphasizes walkability and shared amenities. For investors, Daybreak offers a built-in tenant lifestyle, Oquirrh Lake, the fitness center, pools, and SoDa Row dining are all included. Rents command premiums because tenants buy into the lifestyle, not just the unit. HOA dues apply and must be factored into returns, but the amenities reduce vacancy and support premium rents.
South Jordan sits at the northern gateway to Silicon Slopes, tech campuses in Lehi and Draper are 10–15 minutes via I-15 or Bangerter Highway. This commute convenience is a primary driver of South Jordan's rental demand, given 10–15 minute drives to Thanksgiving Point and Point of the Mountain offices. During peak commute hours, the drive can stretch to 20–25 minutes, but it's still among the shortest in the valley. The TRAX Red Line also provides transit access for some Silicon Slopes employers near FrontRunner-connected stations.
Most South Jordan neighborhoods, and especially Daybreak, have active HOAs with monthly dues ranging from $50 to $200+. These HOAs maintain community standards that support property values but also impose rules on rentals, some communities cap rental percentages, require owner notification, or restrict signage. Always review CC&Rs before purchasing, and factor HOA dues into cash-flow projections. In Daybreak specifically, the enhanced amenities (lakes, fitness center, pools) justify higher dues but must be included in the financial analysis. Some HOAs have become more restrictive on short-term rentals.
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