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$529,900

For Sale - Active
1224 S 760 W, Provo, UT 84601
5 Beds
3 Baths
1,968 Square Feet
0.19 Acres Lot
Built in 1978
For Sale - Active
1 Units
Checked: 3 hours ago
Updated: Jun 03, 2025 at 03:15AM

Investment Summary


Monthly Cash Flow
-$1,451
Cap Rate
3.0%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.8%

Property Description


0.19 Acres Lot
Built in 1978
For Sale - Active
1 Units

Spacious and functional 5 bed, 3 bath home with granite countertops, stainless steel appliances, and a large loft above the kitchen for extra storage. Primary bedroom has a walk-in closet and private bathroom with a shower and jetted tub. Tile floors and surrounds in all bathrooms. Big downstairs bedroom can double as a second living room. Includes a food storage room in the basement and a fireplace in the living room. Fully fenced yard with mature trees (apple, cherry, maple), garden, chicken coop, large deck, RV parking, metal storage shed, and full sprinkler system. The home also has a great breezeway/courtyard between the house and the garage creating the perfect place to spend time outside. Detached garage/shop is fully insulated, heated/cooled, and loaded with power-including its own panel, 220v outlet, gas line, air compressor setup, and storage in the rafters. Also includes a powered shed connected to the garage with well built storage shelving. This shop has the potential to be turned into an ADU (Contact Provo City for requirements). Updates: Roof (2022), AC (2022), Windows (2022). Bathroom vanities and shower surrounds (2021), Kitchen Updates (2021) Located near freeway, mall, schools, Provo Airport, shopping, and BYU.

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Location


Property Details


Parking

  • Description: Rv Parking
  • Details: RV Access/Parking
  • Garage Spaces: 2
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 13
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 461290009
  • Lot Size: 8276 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Split-Entry/Bi-Level
  • Year Built: 1978

Tax Information

  • Annual Tax: $2,323

Utilities

  • Heating: Fireplace Insert, Central, Natural Gas, Forced Air, Wood
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Utah

Listing Details


Listed by:
Riley Brandner
Woodley Real Estate

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2076307
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,451
Cap Rate
3.0%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.8%

Purchase Details

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Purchase price:
$529,900
Amount financed:
-$423,920
Down payment:
$105,980
Closing costs:
$15,897
Rehab costs:
$0
Initial cash invested:
$121,877
Square feet:
1,968
Cost per square foot:
$269
Monthly rent per square foot:
$1.12

Financing Details

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Loan amount:
$423,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,775
Property tax:
$194
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,123

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$194-$2,323
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$744-$8,923

Cash Flow


Monthly Yearly
Net operating income:
$1,324 $15,888
Mortgage payments:
-$2,775 -$33,300
Cash flow:
$1,451 $17,412