$570,000
Investment Summary
- Monthly Cash Flow
- -$1,777
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.3%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.7%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
Incredible Main-Floor Living Home in the Heart of West Valley City - A True Gem for Families and Investors! Perfect Main Floor Home for Families! Welcome to your dream home in the heart of West Valley City, offering the perfect blend of convenience, comfort, and endless potential! Nestled on a corner lot in a quiet cul-de-sac, this 6-bedroom, 3-bathroom home boasts privacy, extra parking, and an unbeatable location near everything you need. Prime Location - Minutes from Everything! Enjoy easy access to some of the best amenities and attractions in the area: 5 minutes from Salt Lake Community College, 5 minutes from Valley Fair Mall and Major Retailers, 4 minutes from the Green Line Trax Train Station, 5 minutes from Costco, 5 minutes from I-215 Freeway & Bangerter Highway, Quick access to I-15, I-80, and SR-201, 15 minutes from Salt Lake International Airport, Under 30 minutes to anywhere in the Salt Lake Valley, 15 minutes to Downtown Salt Lake City, Close to Taylorsville, Murray, and Salt Lake City, offering the best of all three areas. Surrounded by a rich variety of restaurants, you're just 5-15 minutes away from incredible Italian, American, Mexican, Vietnamese, Japanese, Chinese, Indian cuisine, and more! Plus, enjoy access to specialty grocery stores like Asian, Indian, Mexican, and Hispanic markets for all your unique shopping needs. Spacious Main-Floor Living for Ultimate Comfort! Perfect for families of all ages, this home offers 3 bedrooms and 2 full bathrooms on the main floor, making daily living convenient and accessible. The main-floor laundry room ensures that all essential spaces - bedrooms, bathrooms, laundry, and kitchen - are on one level, making this home ideal for pregnancy, retirement, or anyone who prefers stair-free living. Fully Finished Basement with Investment Potential! Need more space? The fully finished basement features 3 additional bedrooms and 1 full bathroom, providing a separate living space perfect for extended family, guests, or potential rental income. With endless possibilities, you could add a kitchen, laundry hookups, and a private entrance (check with the city for permits) to transform this into an ADU or rental unit for extra income. Private & Secure Backyard - Great for Gatherings & Barbecues! Step outside to your private backyard retreat! A convenient and spacious deck with a fully fenced yard, creates a perfect space for gatherings, barbecues, and outdoor fun. Enjoy the security and privacy of your enclosed space-ideal for kids, pets, and peaceful relaxation. With two storage sheds, you'll have plenty of space for keeping tools, equipment, or hobby materials-organized and out of sight. Both the front and backyards are spacious and well-maintained, with a lush, healthy lawn thanks to periodic professional lawn care, including fertilization, weed control, and overall maintenance. The front yard especially has no weeds, a healthy green lawn, and established flower beds and plants that add a lot of charm and curb appeal. 2-Car Garage, Spacious Driveway, RV Parking, & Corner Lot Parking! This home comes with a spacious 2-car garage that offers extra length and height, perfect for parking, storage, and even home DIY projects. The RV parking is perfect for your roadtrip adventure vehicle, trailer, or boat. Plus, being on a corner lot means plenty of extra parking for family and guests, while the cul-de-sac location provides privacy and a peaceful neighborhood setting. Proximity to Major Medical Facilities! 5 minutes from Granger Medical Center, 10 minutes from West Ridge U of U Medical Clinic, 10 minutes from Pioneer Valley Hospital (Jordan Valley West), 15 minutes from Intermountain Medical Center in Murray. Close to Fitness & Family Fun! 6 minutes from VASA Fitness, 3 minutes from Planet Fitness, 5 minutes from Taylorsville Recreation Center, Whether you're looking to stay active, explore family-friendly activities, or simply
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Location
Property Details
Parking
- Description: Rv Parking
- Details: RV Access/Parking, Attached
- Garage Spaces: 2
- Spaces Total: 2
Bedroom Information
- # of Bedrooms: 6
Bathroom Information
- # of Baths (Full): 3
- # of Baths (Total): 3.0
Interior Features
- # of Rooms: 15
- # of Stories: 2
- Basement: Yes
- Basement Description: Full
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Type: Shed
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 2104103027
- Lot Size: 9583 sqft
Property Information
- Property Type: Single Family Residence
- Style: Rambler/Ranch
- Year Built: 1995
Tax Information
- Annual Tax: $3,722
Utilities
- Heating: Forced Air, Hot Water
- Cooling: Ceiling Fan(s), Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,777
- Cap Rate
- 2.5%
- Cash-on-Cash Return
- -16.3%
- Debt Coverage Ratio
- 0.40
- Internal Rate of Return (5 years)
- -11.7%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $570,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$456,000 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $114,000 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $17,100 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $131,100 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,705 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $211 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $0.81 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $456,000 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.840% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $2,985 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $310 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $154 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $3,449 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $2,200 | $26,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$132 | -$1,584 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $2,068 | $24,816 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 14% | -$310 | -$3,722 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$154 | -$1,848 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$176 | -$2,112 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$110 | -$1,320 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$110 | -$1,320 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | n/a | n/a | n/a |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 39% | -$860 | -$10,322 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,208 | $14,496 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$2,985 | -$35,820 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $1,777 | $21,324 |