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$350,000

For Sale - Active
783 N 2000 W, West Point, UT 84015
3 Beds
1 Bath
1,044 Square Feet
0.29 Acres Lot
Built in 1900
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Jun 13, 2025 at 03:04AM

Investment Summary


Monthly Cash Flow
-$730
Cap Rate
3.8%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Property Description


0.29 Acres Lot
Built in 1900
For Sale - Active
Units n/a

Charming West Point home on a spacious corner lot with rare mixed-use zoning! This well-kept 3 bed, 1 bath property features a vaulted ceiling and an open concept floor plan, creating a bright and airy living space. Efficient mini split systems throughout provide year-round comfort. Enjoy over 1/4 acre of outdoor space, including a fully fenced backyard and a built in gas fire pit. Ideal for first time buyers, small business owners, or investors- Live in it, work from it or rent it out, the possibilities are wide open! Square footage figures are provided as a courtesy estimate only and were obtained from County record. Buyer is advised to obtain an independent measurement.

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Location


Property Details


Parking

  • Details: RV Access/Parking
  • Garage Spaces: 0
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement Description: None

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: 140550295
  • Lot Size: 12632 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rambler/Ranch
  • Year Built: 1900

Tax Information

  • Annual Tax: $1,647

Utilities

  • Heating: Central, Natural Gas, Electric, Forced Air, Heat Pump
  • Cooling: Ceiling Fan(s), Heat Pump

Location

  • County: Davis

Listing Details


Listed by:
Briana Bradshaw
KW Success Keller Williams Realty

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2090642
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$730
Cap Rate
3.8%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.5%

Purchase Details

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Purchase price:
$350,000
Amount financed:
-$280,000
Down payment:
$70,000
Closing costs:
$10,500
Rehab costs:
$0
Initial cash invested:
$80,500
Square feet:
1,044
Cost per square foot:
$335
Monthly rent per square foot:
$1.72

Financing Details

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Loan amount:
$280,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$1,835
Property tax:
$137
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,098

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$137-$1,647
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$587-$7,047

Cash Flow


Monthly Yearly
Net operating income:
$1,105 $13,260
Mortgage payments:
-$1,835 -$22,020
Cash flow:
$730 $8,760