596 1500, Provo, UT 84606
6BD/—BA Residential in Provo, UT 84606. 2,028 sqft. Built 1961. Listed at $525,000. MLS #2151310.
6BD/—BA Residential in Provo, UT 84606. 2,028 sqft. Built 1961. Listed at $525,000. MLS #2151310.
Renovated East Provo colonial ranch offering 6 bedrooms, 3 bathrooms, and 2,028 sq ft of updated living space in an established neighborhood near BYU and Slate Canyon. From the curb, this home may surprise you-but inside, the transformation creates a bright, warm, move-in-ready interior with thoughtful, high-quality updates throughout. The flexible layout offers options for multigenerational living, guest space, home office setups, or other permitted uses. Enjoy the benefit of NO HOA and convenient access to trails, campus, shopping, dining, and everyday services. Eligible buyers may qualify for a Community Reinvestment Act loan through a preferred lender at Zions Bank, with potential assistance for closing costs, down payment, and a reduced interest rate. Nearby amenities include BYU campus approx. 1.5 miles away, Slate Canyon Trailhead approx. 0.5 miles away, Provo City Center Temple/Downtown Provo approx. 2.4 miles away, Intermountain Health Utah Valley Hospital approx. 3.8 miles away, and Provo Towne Centre approx. 4.7 miles away. Buyer is advised to verify all information, square footage, intended uses, occupancy limits, rental guidelines, financing eligibility, and distance to amenities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
HIGHLAND TERRACE
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.14 sq ft
Above Grade Area
1,014 sq ft
Condition
Blt./Standing
MLS #
2151310
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
HIGHLAND TERRACE
County
Utah
Zoning
Single-Family
Construction
Brick
Lot Size
0.14 sq ft
Above Grade Area
1,014 sq ft
Condition
Blt./Standing
MLS #
2151310
List Price
$525,000
Annual Taxes
$2,281
Home Warranty
No
List Price
$525,000
Annual Taxes
$2,281
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Full
Materials
Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Full
Materials
Brick
Appliances
Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Mountain(s),Valley
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Strong Cash FlowDeal Score
95/100
vs Similar Homes
1% below
vs Market Median
5% below
Area Growth (YoY)
3.5%
Deal Score Breakdown
95/100 · 2 qualifying signals
LT net cashflow +$945/mo (+27.0% return on ownership cost) · STR net cashflow -$1,411/mo (-40.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 5% below the per-subtype city median
Priced 1% below the median of similar listings
3.5% year-over-year ZHVI growth in this area
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
$5,058/mo
Range: $3,853 – $6,264
Net Monthly Cash Flow
+$945 /mo (+$11,337/yr)
Monthly rental income
Monthly ownership cost
Coverage
144%
Net /mo
+$945
DSCR
1.70
Est. Annual Revenue
$35,914/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,411 /mo (−$16,937/yr)
Monthly STR income
Monthly ownership cost
Coverage
85%
Net /mo
−$1,411
DSCR
0.80
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$475,000
+11% vs median
62 days
182
$189,900 – $43,000,000
$2,281
Moderate
7.5
per 1,000
22.4
per 1,000
12.2
per 1,000
42.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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