240 400, Logan, UT 84321
2BD/—BA Residential in Logan, UT 84321. 816 sqft. Built 1974. Listed at $219,000. MLS #2140528.
2BD/—BA Residential in Logan, UT 84321. 816 sqft. Built 1974. Listed at $219,000. MLS #2140528.
Great opportunity to own a Mt Aire Condo, plus it is main-level and comes with much of the furniture. Fantastic location just a few blocks from Main Street and just below USU campus with a community pool, low HOA fees, and a great rental market. This low maintenance property between downtown Logan and USU is perfect for so many people and priced to sell. Currently tenant-occupied, tenant can stay or vacate. Schedule a showing today!
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
MT AIRE GARDENS COND
County
Cache
Zoning
Multi-Family
Construction
Clapboard/Masonite
Lot Size
0.01 sq ft
Above Grade Area
816 sq ft
Condition
Blt./Standing
MLS #
2140528
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
MT AIRE GARDENS COND
County
Cache
Zoning
Multi-Family
Construction
Clapboard/Masonite
Lot Size
0.01 sq ft
Above Grade Area
816 sq ft
Condition
Blt./Standing
MLS #
2140528
List Price
$219,000
HOA Fees
$150
Annual Taxes
$927
Home Warranty
No
List Price
$219,000
HOA Fees
$150
Annual Taxes
$927
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
None
Materials
Clapboard/Masonite
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
None
Materials
Clapboard/Masonite
Appliances
Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
2
Covered Spaces
0
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
38% below
vs Market Median
6% above
Area Growth (YoY)
10.2%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 38% below the median of similar listings
10.2% year-over-year ZHVI growth in this area
Priced 6% above the per-subtype city median
LT net cashflow -$705/mo (-43.8% return on ownership cost) · STR net cashflow -$908/mo (-56.4% 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
$1,029/mo
Range: $692 – $1,367
Net Monthly Cash Flow
−$706 /mo (−$8,467/yr)
Monthly rental income
Monthly ownership cost
Coverage
64%
Net /mo
−$705
DSCR
0.83
Est. Annual Revenue
$12,052/yr
$98/night · 56% occupancy · $53/bedroom · $0.10/sqft
Net Monthly Cash Flow
−$907 /mo (−$10,887/yr)
Monthly STR income
Monthly ownership cost
Coverage
62%
Net /mo
−$908
DSCR
0.64
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$396,000
-45% vs median
77 days
138
$205,000 – $2,300,000
$927
$150/mo
Moderate
9.9
per 1,000
18.3
per 1,000
13.7
per 1,000
41.9
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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