$849,999
Investment Summary
- Monthly Cash Flow
- -$2,129
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -13.1%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.6%
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
*Seller offering 1/0 rate buydown with preferred lender-5.625% first-year rate available. Contact Co agent Brandon for details. *Welcome to your dream home-this absolutely stunning, custom-feel two-story in West Jordan is the one you've been waiting for! From the moment you pull up, you'll fall head over heels for the gorgeous curb appeal, complete with top-of-the-line new SYNLawn artificial turf, freshly painted black-and-white exterior, charming new shutters, vibrant maple trees with sprinklers, a custom-installed 30-foot flagpole, and elegant Belgard pavers. There's even massive additional parking space-enough for 15-20 vehicles, plus room for your RV, boat, or side-by-side toys. The three-car garage is a masterpiece all on its own, featuring epoxy floors, heating and A/C, built-in cabinetry, a sink, shelving, above-garage storage, 150-amp power, an EV charger, and multiple 220V outlets-perfect for your small business, car collection, or workshop. The backyard is a private oasis with an elevated privacy fence, a huge covered patio with modern fans and lighting, a massive shed with a loft and dedicated concrete pad, and even a custom putting green for your golf game! Inside, this home continues to wow with a bright, open-concept floor plan, filled with natural light and thoughtful design touches throughout. The brand-new front door with teardrop glass sets the tone, while the front flex space offers the perfect nook for an office or reading corner. A beautifully updated half bath with new fixtures and vanity adds modern charm. The main living area is cozy yet elevated with a custom stone feature wall and sleek gas fireplace-ideal for relaxing during the cooler months. The gourmet kitchen is pure luxury, featuring brand-new white cabinetry, a contrasting black island with thick quartz countertops and bar seating, stainless steel appliances, a gas LG range, farmhouse sink with modern fixtures, and a show-stopping stone backsplash. Off the kitchen, a stylish nook with a waterfall backsplash is ready for your hot chocolate bar or espresso station! Head upstairs and be wowed by the designer staircase railing and statement chandelier-you'll feel like you've stepped into a model home. The primary suite is one of the largest you'll find in Utah, big enough for a California king and your own cozy reading or lounge area, framed by two bay windows and flooded with light. The en-suite bathroom features his-and-hers sinks, a jetted tub, separate shower, his-and-her closets, and all the space you could ask for. Upstairs also includes three additional spacious bedrooms, a huge laundry room with folding station, and modern lighting throughout. And for a fun surprise-discover the custom hidden Murphy door leading to the basement! Downstairs, you'll find a fully finished modern bathroom, rough plumbing for a future kitchen, and tons of space to finish just the way you want-making it a perfect opportunity for a mother-in-law suite or ADU. Other thoughtful upgrades include new lighting throughout the home, a tankless water heater, water softener, active radon mitigation system, and brand-new LVP flooring on the main level. With walkability to schools, close proximity to parks, shopping, dining, and weekend activities, this home truly has it all. This home truly has it all-don't miss your chance to make it yours! Buyer and Buyers agent to verify all information. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain independent measurements.
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Location
Property Details
Parking
- Description: Covered, Garage
- Details: Covered, RV Access/Parking, Attached
- Garage Spaces: 3
- Spaces Total: 13
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Partial): 1
- # of Baths (Total): 4.0
Interior Features
- # of Rooms: 15
- # of Stories: 3
- Basement: Yes
- Basement Description: Full
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Roof Material: Asphalt
Land Information
- Land Use: Residential
- Land Use Subtype: Planned Unit Development
Lot Information
- Parcel ID: 2131101024
- Lot Size: 12196 sqft
Property Information
- Property Type: Single Family Residence
- Style: Stories: 2
- Year Built: 2009
Tax Information
- Annual Tax: $3,785
Utilities
- Heating: Central, Natural Gas, Forced Air
- Cooling: Central Air
Location
- County: Salt Lake
Listing Details
Investment Summary
- Monthly Cash Flow
- -$2,129
- Cap Rate
- 2.7%
- Cash-on-Cash Return
- -13.1%
- Debt Coverage Ratio
- 0.47
- Internal Rate of Return (5 years)
- -8.6%
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:
| $849,999 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$679,999 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $170,000 |
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:
| $25,500 |
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:
| $195,500 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 3,831 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $222 |
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:
| $0.84 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $679,999 |
|---|---|
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:
| 5.875% |
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:
| $4,022 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $315 |
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:
| $224 |
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:
| $4,561 |
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:
| $3,200 | $38,400 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$192 | -$2,304 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,008 | $36,096 |
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. | 10% | -$315 | -$3,785 |
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% | -$224 | -$2,688 |
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% | -$256 | -$3,072 |
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% | -$160 | -$1,920 |
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% | -$160 | -$1,920 |
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 | 35% | -$1,115 | -$13,385 |
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:
| $1,893 | $22,716 |
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. | -$4,022 | -$48,264 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $2,129 | $25,548 |