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$340,000

For Sale - Active
5320 S 570 E Apt L, Murray, UT 84107
2 Beds
2 Baths
1,248 Square Feet
0.01 Acres Lot
Built in 1971
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Oct 01, 2025 at 10:16AM

Investment Summary


Monthly Cash Flow
-$955
Cap Rate
2.3%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-10.2%

Property Description


0.01 Acres Lot
Built in 1971
For Sale - Active
Units n/a

Discover comfort and convenience in this beautifully updated top-floor condo in the heart of Murray. Featuring vaulted ceilings, abundant natural light, and a cozy fireplace, this home offers an inviting and spacious feel. You'll love the modern kitchen with stainless steel appliances. The private balcony provides a peaceful outdoor retreat with scenic views. Enjoy access to community amenities including a pool, clubhouse, and covered parking. Ideally located near shopping, dining, Murray Park, and freeway access, this is a fantastic opportunity to own in a well-maintained, quiet community.

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Location


Property Details


Parking

  • Description: Covered, Parking: Uncovered
  • Garage Spaces: 0
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Office
  • HOA Fee: $334/monthly

Land Information

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

Lot Information

  • Parcel ID: 2207483011
  • Lot Size: 435 sqft

Property Information

  • Property Type: Condominium
  • Style: Condo; Top Level
  • Year Built: 1971

Tax Information

  • Annual Tax: $1,397

Utilities

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

Location

  • County: Salt Lake

Listing Details


Listed by:
John Armstrong
Ari Realty and Investments
(801) 577-2365

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2091894
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$955
Cap Rate
2.3%
Cash-on-Cash Return
-14.7%
Debt Coverage Ratio
0.41
Internal Rate of Return (5 years)
-10.2%

Purchase Details

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Purchase price:
$340,000
Amount financed:
-$272,000
Down payment:
$68,000
Closing costs:
$10,200
Rehab costs:
$0
Initial cash invested:
$78,200
Square feet:
1,248
Cost per square foot:
$272
Monthly rent per square foot:
$1.28

Financing Details

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Loan amount:
$272,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,609
Property tax:
$116
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,837

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: (7%)
7%-$116-$1,397
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: (21%)
21%-$334-$4,008
Total operating expenses: (53%)
53%-$850-$10,205

Cash Flow


Monthly Yearly
Net operating income:
$654 $7,848
Mortgage payments:
-$1,609 -$19,308
Cash flow:
-$955 -$11,460