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874 S 400 E, Nephi, UT 84648
$549,900
874 S 400 E, Nephi, UT 84648
Type
SFR
List Price
$549,900
Price/Sqft
$175
Est Gross Yield
4.2%
$23,040/yr est.
Property Details
Description
Will sell to BYU fans.... Reluctantly. It's a tough market. Sellers make concessions. This seller is a lifelong Utes fan, and he will even sell it to a Zoobie. So what's the buyer's concession? A fully finished basement apartment that pulls in $1,600 a month as an Airbnb, and with the Delta projects driving demand, rents just as easily long-term. Or skip the income and spread out across the whole house. Either way, it's a spotless 6 bed, 3 bath with an open floor plan, bright main level, and a primary suite that's actually large and on the main floor. Outside: .30 acres, covered patio, pergola, hot tub, in-ground trampoline, and RV parking, 240V hookup in garage, natural gas outlet on patio for grills. Come see it at the Open House Sunday Nov 1, from 1pm-3pm before someone with a Cougar sticker on their van does. MORE PICTURES OF THE BASEMENT APARTMENT COMING SOON!
Listed by Brett Henry · Simple Choice Real Estate
Location
874 S 400 E, Nephi, UT 84648
Proforma
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Cap Rate
2.79%
Cash-on-Cash
-5.04%
Cash Flow
-$866/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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