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$499,500

For Sale - Active
356 N 480 W, American Fork, UT 84003
4 Beds
2 Baths
1,788 Square Feet
0.21 Acres Lot
Built in 1980
For Sale - Active
1 Units
Checked: 14 hours ago
Updated: Oct 02, 2025 at 10:23AM

Investment Summary


Monthly Cash Flow
-$1,054
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Property Description


0.21 Acres Lot
Built in 1980
For Sale - Active
1 Units

PRICE IMPROVEMENT! HONEY STOP THE CAR! GREAT BUY! This is a must see in a great established neighborhood. Tucked away on a quiet street but also minutes away from schools, shopping centers, entertainment, main roads and the Freeway! Featuring 4 bedrooms, 2 bathrooms and 2 separate living areas, it is great for everyone. Completely updated upstairs with an open concept living area and stainless steel appliances! Large high quality windows let in lots of natural light and security system gives you a sense of peace. Water heater only a year old. Square footage figures are provided as a courtesy estimate only and were obtained from prior MLS report. Buyer is advised to obtain an independent measurement.

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Location


Property Details


Parking

  • Description: Open
  • Details: Covered
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Walk-Out Access

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 510790013
  • Lot Size: 9147 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Split-Entry/Bi-Level
  • Year Built: 1980

Tax Information

  • Annual Tax: $2,500

Utilities

  • Heating: Central, Natural Gas, Active Solar, Wood
  • Cooling: Ceiling Fan(s), Central Air, Evaporative Cooling

Location

  • County: Utah

Listing Details


Listed by:
David A Brunet
Homie
(520) 940-0583

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2105952
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,054
Cap Rate
3.1%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$499,500
Amount financed:
-$399,600
Down payment:
$99,900
Closing costs:
$14,985
Rehab costs:
$0
Initial cash invested:
$114,885
Square feet:
1,788
Cost per square foot:
$279
Monthly rent per square foot:
$1.23

Financing Details

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Loan amount:
$399,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,364
Property tax:
$208
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,726

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$208-$2,500
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$758-$9,100

Cash Flow


Monthly Yearly
Net operating income:
$1,310 $15,720
Mortgage payments:
-$2,364 -$28,368
Cash flow:
-$1,054 -$12,648