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$300,000

For Sale - Active
332 W Amiron Way Apt D, Orem, UT 84057
3 Beds
1 Bath
1,190 Square Feet
0.01 Acres Lot
Built in 1981
For Sale - Active
1 Units
Checked: 11 hours ago
Updated: Jul 03, 2025 at 11:14PM

Investment Summary


Monthly Cash Flow
-$732
Cap Rate
2.8%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.3%

Property Description


0.01 Acres Lot
Built in 1981
For Sale - Active
1 Units

Terrific condo in the heart of Orem. Walking distance to shopping, dinning and schools. Condo features 3 bedrooms and one full bath, open layout kitchen and living room, with a stone fireplace. Large closets in all bedrooms. Low HOA covers community pool, water, trash, snow removal and covered parking. No dogs allowed per HOA. Square footage figures are provided as a courtesy estimate only and were obtained from tax records. Buyer is advised to obtain an independent measurement.

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Location


Property Details


Parking

  • Description: Covered, Carport
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 8
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Masonry
  • Roof Type: Gable
  • Roof Material: Asphalt
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $175/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 340670028
  • Lot Size: 435 sqft

Property Information

  • Property Type: Condominium
  • Style: Condo; Top Level
  • Year Built: 1981

Tax Information

  • Annual Tax: $1,237

Utilities

  • Heating: Central, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Utah

Listing Details


Listed by:
Adrianne H Meaders
Intermountain Properties
(801) 898-2213

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2093708
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$732
Cap Rate
2.8%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.3%

Purchase Details

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Purchase price:
$300,000
Amount financed:
-$240,000
Down payment:
$60,000
Closing costs:
$9,000
Rehab costs:
$0
Initial cash invested:
$69,000
Square feet:
1,190
Cost per square foot:
$252
Monthly rent per square foot:
$1.18

Financing Details

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Loan amount:
$240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,420
Property tax:
$103
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,621

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$103-$1,237
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (13%)
13%-$175-$2,100
Total operating expenses: (45%)
45%-$628-$7,537

Cash Flow


Monthly Yearly
Net operating income:
$688 $8,256
Mortgage payments:
-$1,420 -$17,040
Cash flow:
$732 $8,784