723 3720 #B6, Millcreek, UT 84106
2BD/—BA Residential in Millcreek, UT 84106. 1,022 sqft. Built 1971. Listed at $285,000. MLS #2163110.
2BD/—BA Residential in Millcreek, UT 84106. 1,022 sqft. Built 1971. Listed at $285,000. MLS #2163110.
Located in the heart of Millcreek, this home features a modern updated kitchen with new appliances, comfortable living space, and stress-free living with the HOA covering almost everything - water, gas, trash, sewer, and even internet. The only utility you pay is electricity, making budgeting simple and affordable. For investors, this property presents a rare advantage: the HOA has not yet reached its rental cap, meaning the unit can be used as a rental (buyer to verify). Whether you're looking to expand your portfolio or secure a future income-producing property, this is a standout opportunity! Conveniently located near shopping, dining, and freeway access, this is an easy place to settle in and feel at home. Square footage figures are provided as a courtesy estimate only and were obtained from the county. Buyer is advised to obtain an independent measurement and verify all.
Property Type
Residential
Property Style
Condominium
Architectural Style
Townhouse; Row-end
Stories
2
Subdivision
SILVER MAPLES
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar
Lot Size
0.01 sq ft
Above Grade Area
1,022 sq ft
Condition
Blt./Standing
MLS #
2163110
Property Type
Residential
Property Style
Condominium
Architectural Style
Townhouse; Row-end
Stories
2
Subdivision
SILVER MAPLES
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Cedar
Lot Size
0.01 sq ft
Above Grade Area
1,022 sq ft
Condition
Blt./Standing
MLS #
2163110
List Price
$285,000
HOA Fees
$425 / Monthly
Annual Taxes
$1,624
Home Warranty
No
List Price
$285,000
HOA Fees
$425 / Monthly
Annual Taxes
$1,624
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Pvc,Membrane
Flooring
Laminate,Tile
Basement
None
Materials
Brick,Cedar
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Pvc,Membrane
Flooring
Laminate,Tile
Basement
None
Materials
Brick,Cedar
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Gas Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
72/100
vs Similar Homes
0% above
vs Market Median
10% below
Area Growth (YoY)
1.6%
Deal Score Breakdown
72/100 · 1 qualifying signal
Priced 10% below the per-subtype city median
Priced 0% above the median of similar listings
1.6% year-over-year ZHVI growth in this area
LT net cashflow -$659/mo (-27.8% return on ownership cost) · STR net cashflow -$1,085/mo (-45.8% 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
$1,946/mo
Range: $1,404 – $2,487
Net Monthly Cash Flow
−$658 /mo (−$7,896/yr)
Monthly rental income
Monthly ownership cost
Coverage
82%
Net /mo
−$659
DSCR
1.20
Est. Annual Revenue
$22,039/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,086 /mo (−$13,037/yr)
Monthly STR income
Monthly ownership cost
Coverage
78%
Net /mo
−$1,085
DSCR
0.90
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$650,000
-56% vs median
38 days
118
$214,000 – $4,495,000
$1,624
$425/monthly
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