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$488,000

For Sale - Active
684 Oquirrh Ave, Tooele, UT 84074
5 Beds
2 Baths
2,000 Square Feet
0.17 Acres Lot
Built in 1962
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: Jun 17, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$1,278
Cap Rate
3.1%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Property Description


0.17 Acres Lot
Built in 1962
For Sale - Active
Units n/a

**YES! The seller just reduced the price, NOW the seller is ALSO offering to pay up to $10,000 toward your closing costs! OR to buy down your rate! SAVING YOU THOUSANDS!!** Schedule your showing today! Nestled in the heart of Tooele, this stunning fully remodeled home offers modern comfort and style, while being close to everything you need. This home features all brand new windows which add so much natural light throughout and showcase the beautifully renovated kitchen, which comes complete with butcher block countertops and gorgeous cabinets. The giant master suite includes a brand new en-suite bathroom with oversized multiple shower heads, beautiful tile, and walk in closet. New recessed lighting, paint, doors, and flooring throughout. The oversized two-car garage provides plenty of room for vehicles and toys, plus you will have 2 storage sheds. The extra fridge in the garage is INCLUDED! Enjoy outdoor living with the fully fenced yard, and expansive deck, perfect for entertaining or relaxing. This home is move-in ready and waiting for you to create lasting memories.

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Location


Property Details


Parking

  • Description: Open, Covered, Garage
  • Details: Secured, Attached
  • Garage Spaces: 2
  • Spaces Total: 6

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

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

Interior Features

  • # of Rooms: 14
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Exterior Features

  • Roof Material: Asphalt

Land Information

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

Lot Information

  • Parcel ID: 0904200015
  • Lot Size: 7405 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rambler/Ranch
  • Year Built: 1962

Tax Information

  • Annual Tax: $2,976

Utilities

  • Heating: Central, Natural Gas, Hot Water
  • Cooling: Central Air

Location

  • County: Tooele

Listing Details


Listed by:
Miranda Robinson
Capital Investment Real Estate LLC
(801) 505-9051

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2075676
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,278
Cap Rate
3.1%
Cash-on-Cash Return
-13.7%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-9.2%

Purchase Details

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Purchase price:
$488,000
Amount financed:
-$390,400
Down payment:
$97,600
Closing costs:
$14,640
Rehab costs:
$0
Initial cash invested:
$112,240
Square feet:
2,000
Cost per square foot:
$244
Monthly rent per square foot:
$1.10

Financing Details

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Loan amount:
$390,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$2,548
Property tax:
$248
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,950

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: (11%)
11%-$248-$2,976
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: (36%)
36%-$798-$9,576

Cash Flow


Monthly Yearly
Net operating income:
$1,270 $15,240
Mortgage payments:
-$2,548 -$30,576
Cash flow:
$1,278 $15,336