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$975,000

For Sale - Active
1664 S 210 W, Salem, UT 84653
6 Beds
4 Baths
4,956 Square Feet
0.34 Acres Lot
Built in 2023
For Sale - Active
1 Units
Checked: 16 hours ago
Updated: Sep 22, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$2,838
Cap Rate
2.2%
Cash-on-Cash Return
-15.2%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.7%

Property Description


0.34 Acres Lot
Built in 2023
For Sale - Active
1 Units

Why wait to build when you can have it all right now? This barely 3-year-old home in Salem offers more than new construction ever could, without the wait. The basement? Fully finished. The landscaping? Already done and packed with upgrades. Every detail has been thoughtfully designed and move-in ready. Step inside to a gourmet kitchen, featuring double ovens, a gas range, farmhouse sink, sleek tile backsplash, and custom lighting. The airy two-story great room is filled with natural light, stunning floor-to-ceiling fireplace, and automated window shades for ultimate convenience and style. On the main level, you'll find a private primary suite with a spa-like bath and spacious walk-in closet. Downstairs, entertain in style with a fully finished basement that includes a 1920s-inspired theater room, wet bar, and cozy lounge space. The backyard is truly next level, complete with a basketball/pickleball court, in-ground trampoline, fire pit, gazebo pad, expansive deck, RV parking, and a covered swim spa with heat and a TV. Every inch of this outdoor space is dialed in for year-round fun and relaxation. Other bonus features include: top-of-the-line HVAC system, tankless water heater, water softener, whole-home water filtration, epoxy garage floors, and a 220V EV outlet. Better than new, built to impress, and ready to enjoy from day one. *Check out the virtual tour by clicking on the "Tour" tab"

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Location


Property Details


Parking

  • Details: RV Access/Parking
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 6

Bathroom Information

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

Interior Features

  • # of Rooms: 16
  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 656700012
  • Lot Size: 14810 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Stories: 2
  • Year Built: 2023

Tax Information

  • Annual Tax: $4,353

Utilities

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

Location

  • County: Utah

Listing Details


Listed by:
Scott Miller
EXIT Realty Success
(801) 352-8000

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2103278
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$2,838
Cap Rate
2.2%
Cash-on-Cash Return
-15.2%
Debt Coverage Ratio
0.38
Internal Rate of Return (5 years)
-10.7%

Purchase Details

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Purchase price:
$975,000
Amount financed:
-$780,000
Down payment:
$195,000
Closing costs:
$29,250
Rehab costs:
$0
Initial cash invested:
$224,250
Square feet:
4,956
Cost per square foot:
$197
Monthly rent per square foot:
$0.63

Financing Details

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Loan amount:
$780,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,614
Property tax:
$363
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,194

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: (12%)
12%-$363-$4,353
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: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,138-$13,653

Cash Flow


Monthly Yearly
Net operating income:
$1,776 $21,312
Mortgage payments:
-$4,614 -$55,368
Cash flow:
-$2,838 -$34,056