276 SPENCER, Farmington, UT 84025
4BD/—BA Residential in Farmington, UT 84025. 2,576 sqft. Built 1970. Listed at $635,000. MLS #2150829.
4BD/—BA Residential in Farmington, UT 84025. 2,576 sqft. Built 1970. Listed at $635,000. MLS #2150829.
Charming Income-Generating home in Desirable Farmington Neighborhood. With two fully functional living spaces, this property offers fantastic potential for income generation. Live in the main level with 2 spacious bedrooms, 1.75 bathrooms and enjoy a cozy yet open layout while renting out the lower level. Or maximize rental income with two rental units! The downstairs unit features it's own entrance, 2 bedrooms, 1 bathroom and a well equipped kitchen, making it ideal for long-term tenants or short-term guests. This is a rare opportunity for savvy investors or homeowners looking to supplement their income, or, for a great home to make your own. Don't miss this unique opportunity.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKEVIEW HILLS
County
Davis
Zoning
Single-Family, Multi-Family
Construction
Asphalt,Brick
Lot Size
0.21 sq ft
Above Grade Area
1,288 sq ft
Condition
Blt./Standing
MLS #
2150829
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
LAKEVIEW HILLS
County
Davis
Zoning
Single-Family, Multi-Family
Construction
Asphalt,Brick
Lot Size
0.21 sq ft
Above Grade Area
1,288 sq ft
Condition
Blt./Standing
MLS #
2150829
List Price
$635,000
Original Price
$650,000
Annual Taxes
$3,000
Home Warranty
No
List Price
$635,000
Original Price
$650,000
Annual Taxes
$3,000
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Entrance,Full
Materials
Asphalt,Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Entrance,Full
Materials
Asphalt,Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Garage Spaces
2
Covered Spaces
2
Total Parking
6
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
85/100
vs Similar Homes
16% below
vs Market Median
11% above
Price Reduced
2.3%
Area Growth (YoY)
4.8%
Deal Score Breakdown
85/100 · 1 qualifying signal
Priced 16% below the median of similar listings
4.8% year-over-year ZHVI growth in this area
2% price reduction from original list — seller may be motivated
LT net cashflow -$925/mo (-21.7% return on ownership cost) · STR net cashflow -$1,425/mo (-33.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 11% above the per-subtype city median
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
$3,791/mo
Range: $1,592 – $5,990
Net Monthly Cash Flow
−$925 /mo (−$11,099/yr)
Monthly rental income
Monthly ownership cost
Coverage
89%
Net /mo
−$925
DSCR
1.05
Est. Annual Revenue
$48,619/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$1,425 /mo (−$17,104/yr)
Monthly STR income
Monthly ownership cost
Coverage
95%
Net /mo
−$1,425
DSCR
0.90
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$620,000
+2% vs median
46 days
58
$375,000 – $4,350,000
$3,000
Low Crime
4.9
per 1,000
18.6
per 1,000
9.7
per 1,000
33.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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