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$399,000

For Sale - Active
234 W 500 S, Provo, UT 84601
3 Beds
1 Bath
1,544 Square Feet
0.12 Acres Lot
Built in 1920
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: Jul 25, 2025 at 05:00AM

Investment Summary


Monthly Cash Flow
-$941
Cap Rate
2.8%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Property Description


0.12 Acres Lot
Built in 1920
For Sale - Active
1 Units

Charming craftsman bungalow in the heart of historic downtown Provo! This idyllic light and bright abode boasts a wonderful layout, a fabulous kitchen with new stainless steel appliances (2020), new vinyl flooring on the main level, dual paned vinyl windows throughout, newer washer and dryer (2020), new furnace and air conditioning (2021), renewed attic insulation (2018), a long driveway, a spacious detached garage and a verdant backyard that's ideal for urban gardening. Convenient proximity to the frontrunner station for easy commuting! With so much to offer and a fabulous location, this adorable craftsman is the perfect place to call home! All information provided is deemed reliable but not guaranteed. Buyers are encouraged to independently verify all information, including square footage, lot size, zoning, and property details, to their own satisfaction.

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Location


Property Details


Parking

  • Description: Open, Covered, Garage
  • Garage Spaces: 1
  • Spaces Total: 6

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

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: 040190019
  • Lot Size: 5227 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rambler/Ranch
  • Year Built: 1920

Tax Information

  • Annual Tax: $1,885

Utilities

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

Location

  • County: Utah

Listing Details


Listed by:
Jaisa Bishop
Windermere Real Estate (PCM)
(801) 485-3151

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2090726
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$941
Cap Rate
2.8%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$399,000
Amount financed:
-$319,200
Down payment:
$79,800
Closing costs:
$11,970
Rehab costs:
$0
Initial cash invested:
$91,770
Square feet:
1,544
Cost per square foot:
$258
Monthly rent per square foot:
$1.04

Financing Details

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Loan amount:
$319,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,888
Property tax:
$157
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,157

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$157-$1,885
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$557-$6,685

Cash Flow


Monthly Yearly
Net operating income:
$947 $11,364
Mortgage payments:
-$1,888 -$22,656
Cash flow:
$941 $11,292