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$305,000

For Sale - Active
662 W Jefferson Cv, Sandy, UT 84070
2 Beds
2 Baths
949 Square Feet
0.01 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Aug 08, 2025 at 03:30AM

Investment Summary


Monthly Cash Flow
-$716
Cap Rate
2.9%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Property Description


0.01 Acres Lot
Built in 1983
For Sale - Active
Units n/a

This condo features an upgraded kitchen and modernized bathrooms, offering a great foundation for your personal touches. Located in a desirable community with excellent amenities and convenient freeway access, this is a fantastic opportunity for buyers looking to add value. Easy to show-don't miss out!

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Location


Property Details


Parking

  • Details: RV Access/Parking
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Roof Material: Asphalt
  • Pool: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $250/monthly

Land Information

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

Lot Information

  • Parcel ID: 2701354006
  • Lot Size: 435 sqft

Property Information

  • Property Type: Condominium
  • Style: Condo; Main Level
  • Year Built: 1983

Tax Information

  • Annual Tax: $1,525

Utilities

  • Heating: Central, Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Salt Lake

Listing Details


Listed by:
Amanda Dutton
Equity Real Estate (Advantage)
(801) 917-5597

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2094752
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$716
Cap Rate
2.9%
Cash-on-Cash Return
-12.2%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$305,000
Amount financed:
-$244,000
Down payment:
$61,000
Closing costs:
$9,150
Rehab costs:
$0
Initial cash invested:
$70,150
Square feet:
949
Cost per square foot:
$321
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$244,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,443
Property tax:
$127
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,682

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: (8%)
8%-$127-$1,525
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: (16%)
16%-$250-$3,000
Total operating expenses: (49%)
49%-$777-$9,325

Cash Flow


Monthly Yearly
Net operating income:
$727 $8,724
Mortgage payments:
-$1,443 -$17,316
Cash flow:
$716 $8,592