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$1,210,000

For Sale - Active
12224 N Bridgegate Way, Highland, UT 84003
5 Beds
4 Baths
3,734 Square Feet
0.33 Acres Lot
Built in 2017
For Sale - Active
1 Units
Checked: 23 hours ago
Updated: Jun 05, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$3,984
Cap Rate
1.7%
Cash-on-Cash Return
-17.2%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.6%

Property Description


0.33 Acres Lot
Built in 2017
For Sale - Active
1 Units

This beautiful home offers a peaceful blend of natural beauty and comfort. The oversized floor-to-ceiling upgraded windows provide stunning, unobstructed views of the mountains, bringing the outdoors in and filling the space with natural light. The stunning primary bedroom also features floor-to-ceiling windows for the perfect sunrise views over the Wasatch Mountains on a quiet morning. When you step outside, it's easy to forget you're in a suburban neighborhood due to the seclusion and privacy of the backyard space. Whether you're hosting friends and family for an outdoor BBQ or sitting on the patio enjoying the scenery, this yard will not disappoint! A home of this stature along with the premium lot it sits on does not come around often! In addition to its incredible views and meticulously thought out cosmetic enhancements, no expense was spared with mechanical upgrades! In this home, you can enjoy healthy indoor living with a whole house water filtration system, humidifier and air purifier, just to name a few! The attention to detail in this home is unparalleled! Please schedule your private showing today!

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Location


Property Details


Parking

  • Description: Built-in
  • Details: RV Access/Parking, Attached
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 15
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Daylight, Full
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable
  • Roof Material: Asphalt, Metal

HOA

  • Has HOA: Yes
  • HOA Fee: $77/monthly

Land Information

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

Lot Information

  • Parcel ID: 665500615
  • Lot Size: 14374 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Stories: 2
  • Year Built: 2017

Tax Information

  • Annual Tax: $3,834

Utilities

  • Heating: Central, Natural Gas, Hot Water
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Utah

Listing Details


Listed by:
Dani Griffith
The Agency Salt Lake City

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2074634
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$3,984
Cap Rate
1.7%
Cash-on-Cash Return
-17.2%
Debt Coverage Ratio
0.30
Internal Rate of Return (5 years)
-12.6%

Purchase Details

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Purchase price:
$1,210,000
Amount financed:
-$968,000
Down payment:
$242,000
Closing costs:
$36,300
Rehab costs:
$0
Initial cash invested:
$278,300
Square feet:
3,734
Cost per square foot:
$324
Monthly rent per square foot:
$0.83

Financing Details

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Loan amount:
$968,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,726
Property tax:
$320
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,263

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$320-$3,834
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (2%)
2%-$77-$924
Total operating expenses: (38%)
38%-$1,172-$14,058

Cash Flow


Monthly Yearly
Net operating income:
$1,742 $20,904
Mortgage payments:
-$5,726 -$68,712
Cash flow:
$3,984 $47,808