1964 4040, Lehi, UT 84043
5BD/—BA Residential in Lehi, UT 84043. 2,339 sqft. Built 2023. Listed at $529,000. MLS #2148378.
5BD/—BA Residential in Lehi, UT 84043. 2,339 sqft. Built 2023. Listed at $529,000. MLS #2148378.
*Total Rents were $3,590!!* Rare 5 bedroom END UNIT townhome with a basement kitchenette that truly feels like a single family home. This home offers 5 bedrooms, 3.5 bathrooms, and a fully finished basement, including 2 large bedrooms + kitchenette setup (fridge, sink, counter space, and room for a microwave) ideal for rental potential, flexible living or guests, . Located directly across from grassy open space, extra parking, and the clubhouse, giving it a more open, convenient setting than most. End unit positioning brings in great natural light, added privacy, and a quieter feel, while the extra tall 2 car garage + additional storage space is a rare bonus. Previously configured to generate $3,590/month in rental income Low HOA with landscaping included, XL clubhouse with extra parking, a pool, gym, playground, pickleball and basketball courts. Conveniently located near 2100 N, I-15, shopping and Silicon Slopes. Buyer is responsible to verify square-footage and all other information. Make sure to check out the Virtual 3D Tour to see the full space. *Plus a $5,000 credit is offered to the buyer with a full-price offer*
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-end
Stories
3
Subdivision
WILLOW POINT
County
Utah
Zoning
Multi-Family
Construction
Asphalt
Lot Size
0.03 sq ft
Above Grade Area
1,620 sq ft
Condition
Blt./Standing
MLS #
2148378
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-end
Stories
3
Subdivision
WILLOW POINT
County
Utah
Zoning
Multi-Family
Construction
Asphalt
Lot Size
0.03 sq ft
Above Grade Area
1,620 sq ft
Condition
Blt./Standing
MLS #
2148378
List Price
$529,000
HOA Fees
$106 / Monthly
Annual Taxes
$2,008
Home Warranty
No
List Price
$529,000
HOA Fees
$106 / Monthly
Annual Taxes
$2,008
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Full
Materials
Asphalt
Appliances
Ceiling Fan,Dryer,Refrigerator,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Full
Materials
Asphalt
Appliances
Ceiling Fan,Dryer,Refrigerator,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
45/100
vs Similar Homes
13% above
vs Market Median
9% above
Area Growth (YoY)
4.9%
Deal Score Breakdown
45/100
4.9% year-over-year ZHVI growth in this area
Priced 9% above the per-subtype city median
LT net cashflow -$1,833/mo (-50.7% return on ownership cost) · STR net cashflow -$688/mo (-19.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 13% above the median of similar listings
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
$2,025/mo
Range: $721 – $3,329
Net Monthly Cash Flow
−$1,833 /mo (−$21,993/yr)
Monthly rental income
Monthly ownership cost
Coverage
56%
Net /mo
−$1,833
DSCR
0.68
Est. Annual Revenue
$50,168/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$688 /mo (−$8,257/yr)
Monthly STR income
Monthly ownership cost
Coverage
116%
Net /mo
−$688
DSCR
1.11
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
-8% vs median
63 days
314
$309,900 – $3,950,000
$2,008
$106/monthly
Low Crime
5.3
per 1,000
11.5
per 1,000
4.5
per 1,000
21.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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