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$875,000

For Sale - Active
1174 Oakmont Ln, Provo, UT 84604
6 Beds
5 Baths
5,724 Square Feet
0.44 Acres Lot
Built in 1975
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jul 30, 2025 at 03:59AM

Investment Summary


Monthly Cash Flow
-$2,585
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.9%

Property Description


0.44 Acres Lot
Built in 1975
For Sale - Active
1 Units

Located on the mountainside above BYU, this stunning Provo home offers unmatched panoramic views of Utah Valley and Utah Lake in a location that truly can't be beat. Inside, you'll find a welcoming foyer with a built-in bench, a cozy gas fireplace in the living room, and beautiful hardwood floors throughout. The formal dining room flows into a large, open kitchen with granite countertops and double ovens-perfect for entertaining. The primary suite features two walk-in closets, a double vanity, tile-surround tub/shower combo, and French doors that open to a private balcony overlooking the valley. Across the hall is a mini-suite with its own private bathroom, and just off the kitchen, a separate bedroom with private entrance from the backyard, previously used as an Airbnb, includes a full bathroom, double vanity, large tub, granite countertops, split A/C unit, baseboard heat, and a den. The basement mother-in-law suite includes two bedrooms, one bathroom, a wood-burning fireplace, full kitchen, and family room, plus an additional one-bedroom apartment with bathroom and partial kitchen. Both rentals share laundry hookups in the garage storage closet. Additional highlights include a tankless water heater, 2019 roof, water softener, and a large backyard with additional patio space. Just minutes from BYU, Provo Canyon, hiking trails, the Shops at Riverwoods, and Utah Lake, this home combines flexibility, income potential, and a rare view that sets it apart. Buyer to verify all information.

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Location


Property Details


Parking

  • Description: Built-in
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 22
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 480010019
  • Lot Size: 19166 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rambler/Ranch
  • Year Built: 1975

Tax Information

  • Annual Tax: $4,507

Utilities

  • Heating: Central, Natural Gas, Electric, Forced Air, Wood, Hot Water
  • Cooling: Central Air

Location

  • County: Utah

Listing Details


Listed by:
Stephanie Anne Grable
Omada Real Estate
(385) 233-9110

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2094076
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$2,585
Cap Rate
2.1%
Cash-on-Cash Return
-15.4%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.9%

Purchase Details

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Purchase price:
$875,000
Amount financed:
-$700,000
Down payment:
$175,000
Closing costs:
$26,250
Rehab costs:
$0
Initial cash invested:
$201,250
Square feet:
5,724
Cost per square foot:
$153
Monthly rent per square foot:
$0.49

Financing Details

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Loan amount:
$700,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,141
Property tax:
$376
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,713

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$376-$4,507
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$1,076-$12,907

Cash Flow


Monthly Yearly
Net operating income:
$1,556 $18,672
Mortgage payments:
-$4,141 -$49,692
Cash flow:
$2,585 $31,020