7224 SILVER CREEK, Eagle Mountain, UT 84005
5BD/—BA Residential in Eagle Mountain, UT 84005. 2,779 sqft. Built 2020. Listed at $559,900. MLS #2157283.
5BD/—BA Residential in Eagle Mountain, UT 84005. 2,779 sqft. Built 2020. Listed at $559,900. MLS #2157283.
Like having two homes in one, this 2020-built property offers flexibility, income potential, and modern living all in one well-maintained package. The main residence features approximately 1,860 sq ft of thoughtfully designed living space in excellent condition, while the fully functional 919 sq ft basement apartment / ADU includes 2 bedrooms, 1 bathroom, and a private setup ideal for rental income, extended family, or multi-generational living. With potential rents of $1,300+/month and dedicated side parking for the ADU, this property offers a true offset-your-mortgage opportunity. Clean, well-cared-for, and move-in ready, this is the kind of property that checks every box. Seller financing is available with $250,000 down, a 4.99% interest rate, and terms available up to 10 years. The current loan balance is approximately $300,000. The home also includes a solar system with a monthly payment of approximately $118, which will need to be assumed at closing. The approximate remaining solar balance is $25,429.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SILVERLAKE
County
Utah
Zoning
Single-Family
Construction
Stucco,Cement Siding
Lot Size
0.14 sq ft
Above Grade Area
1,860 sq ft
Condition
Blt./Standing
MLS #
2157283
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
SILVERLAKE
County
Utah
Zoning
Single-Family
Construction
Stucco,Cement Siding
Lot Size
0.14 sq ft
Above Grade Area
1,860 sq ft
Condition
Blt./Standing
MLS #
2157283
List Price
$559,900
HOA Fees
$39 / Monthly
Annual Taxes
$2,499
Home Warranty
Yes
List Price
$559,900
HOA Fees
$39 / Monthly
Annual Taxes
$2,499
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full,Walk-Out Access
Materials
Stucco,Cement Siding
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full,Walk-Out Access
Materials
Stucco,Cement Siding
Appliances
Ceiling Fan,Microwave,Range Hood,Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Why this is a deal
Classification
Standard
Deal Score
70/100
vs Similar Homes
2% above
vs Market Median
6% above
Area Growth (YoY)
7.9%
Deal Score Breakdown
70/100 · 1 qualifying signal
7.9% year-over-year ZHVI growth in this area
Priced 2% above the median of similar listings
Priced 6% above the per-subtype city median
LT net cashflow -$1,045/mo (-27.5% return on ownership cost) · STR net cashflow -$637/mo (-16.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$3,136/mo
Range: $2,410 – $3,862
Net Monthly Cash Flow
−$1,044 /mo (−$12,532/yr)
Monthly rental income
Monthly ownership cost
Coverage
82%
Net /mo
−$1,045
DSCR
0.98
Est. Annual Revenue
$54,299/yr
$358/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$635 /mo (−$7,625/yr)
Monthly STR income
Monthly ownership cost
Coverage
119%
Net /mo
−$637
DSCR
1.13
Middle School
Vista Heights Middle SchoolHigh School
WestlakeSchool District
Alpine
Best Download
2 Gbps
Best Upload
2 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$501,371
+12% vs median
63 days
427
$264,700 – $4,267,800
$2,499
$39/monthly
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