397 STATE, Provo, UT 84606
3BD/—BA Residential in Provo, UT 84606. 1,143 sqft. Built 2006. Listed at $279,900. MLS #2155393.
3BD/—BA Residential in Provo, UT 84606. 1,143 sqft. Built 2006. Listed at $279,900. MLS #2155393.
Fantastic Rental Investment or First-Time Buyer Opportunity! Don't miss this well-maintained 3 bed, 2 bath middle-level condo located less than a mile from BYU campus-perfect for student rentals, first-time homebuyers(can do a rentback to homeowner if needed), or low-maintenance living. Enjoy durable LVP flooring, new carpet and paint, new epoxy on countertops and tubs, a functional layout, and easy access to shopping, dining, and public transportation. With its prime location and minimal upkeep, this property is a smart choice for investors or anyone looking to step into homeownership with confidence. Tenant occupied.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
CANYON VILLAGE CONDO
County
Utah
Zoning
Single-Family
Construction
Asphalt
Lot Size
0.02 sq ft
Above Grade Area
1,143 sq ft
Condition
Blt./Standing
MLS #
2155393
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
CANYON VILLAGE CONDO
County
Utah
Zoning
Single-Family
Construction
Asphalt
Lot Size
0.02 sq ft
Above Grade Area
1,143 sq ft
Condition
Blt./Standing
MLS #
2155393
List Price
$279,900
HOA Fees
$250 / Monthly
Annual Taxes
$1,751
Home Warranty
No
List Price
$279,900
HOA Fees
$250 / Monthly
Annual Taxes
$1,751
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Slab
Materials
Asphalt
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Slab
Materials
Asphalt
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
80/100
vs Similar Homes
11% below
vs Market Median
14% below
Area Growth (YoY)
1.8%
Deal Score Breakdown
80/100 · 2 qualifying signals
Priced 11% below the median of similar listings
Priced 14% below the per-subtype city median
1.8% year-over-year ZHVI growth in this area
LT net cashflow -$571/mo (-26.4% return on ownership cost) · STR net cashflow -$1,038/mo (-48.0% 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
$1,810/mo
Range: $1,049 – $2,571
Net Monthly Cash Flow
−$571 /mo (−$6,851/yr)
Monthly rental income
Monthly ownership cost
Coverage
84%
Net /mo
−$571
DSCR
1.14
Est. Annual Revenue
$19,295/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$1,038 /mo (−$12,456/yr)
Monthly STR income
Monthly ownership cost
Coverage
74%
Net /mo
−$1,038
DSCR
0.81
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$475,000
-41% vs median
62 days
182
$189,900 – $43,000,000
$1,751
$250/monthly
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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