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$554,900

Under Contract
166 S 2035 W, Lehi, UT 84043
4 Beds
3 Baths
2,172 Square Feet
0.17 Acres Lot
Built in 2010
Under Contract
1 Units
Checked: 23 hours ago
Updated: Jun 20, 2025 at 03:16AM

Investment Summary


Monthly Cash Flow
-$1,515
Cap Rate
3.0%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.8%

Property Description


0.17 Acres Lot
Built in 2010
Under Contract
1 Units

Back on the Market with a fresh coat of paint! The home looks & feels new again! Welcome to this beautiful 4-bedroom, 3-bathroom home located in the heart of Lehi. Nestled in a friendly neighborhood, this property offers a perfect blend of comfort and modern living. As you enter, you'll be greeted by a bright and spacious open-concept living area, featuring large windows that invite natural light. The updated kitchen boasts stainless steel appliances, ample counter space, and a cozy dining area, making it an ideal space for family gatherings and entertaining guests. The master suite is a true retreat, complete with a private ensuite bath and generous closet space. Three additional bedrooms provide plenty of room for family, guests, or a home office. Step outside to a well-manicured backyard and new custom deck, perfect for summer barbecues or relaxing evenings under the stars. Don't miss the gate to the open green space and RV Parking.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement Description: None

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $20/monthly

Land Information

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

Lot Information

  • Parcel ID: 403820222
  • Lot Size: 7405 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Stories: 2
  • Year Built: 2010

Tax Information

  • Annual Tax: $2,219

Utilities

  • Heating: Central, Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Utah

Listing Details


Listed by:
Sam Norman
The Real Estate Group
(801) 789-8000

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2076333
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,515
Cap Rate
3.0%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.8%

Purchase Details

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Purchase price:
$554,900
Amount financed:
-$443,920
Down payment:
$110,980
Closing costs:
$16,647
Rehab costs:
$0
Initial cash invested:
$127,627
Square feet:
2,172
Cost per square foot:
$255
Monthly rent per square foot:
$1.06

Financing Details

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Loan amount:
$443,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,897
Property tax:
$185
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,243

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$185-$2,219
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (1%)
1%-$20-$240
Total operating expenses: (34%)
34%-$780-$9,359

Cash Flow


Monthly Yearly
Net operating income:
$1,382 $16,584
Mortgage payments:
-$2,897 -$34,764
Cash flow:
$1,515 $18,180