457 500, Provo, UT 84606
7BD/—BA Residential in Provo, UT 84606. 3,278 sqft. Built 1925. Listed at $850,000. MLS #2160823.
7BD/—BA Residential in Provo, UT 84606. 3,278 sqft. Built 1925. Listed at $850,000. MLS #2160823.
SIGNIFICANT VALUE-ADD, CASH COW 6-PLEX OPPORTUNITY in Provo, BYU market, with a solid 7%-cap potential (if self managed), simply by increasing rents (which are BELOW MARKET)! Recent rate increase validates the pro forma rent assumptions! UPDATED: roof (approximately 6 years ago), kitchens, bathrooms, flooring, fixtures, with recent exterior improvements to paint, siding, & window sealing! Tenants currently enjoy use of a secure, free laundry area in basement of neighboring 6-plex. Additional income opportunity also available through managing utilities differently (units metered separately!). LOCATION: near BYU, with quick access to I-15 & Provo downtown entertainment, restaurants, & shopping. Purchase the neighboring 6-plex (same seller) for operational efficiencies! 5 1-bed units; 1 2-bed unit. Square footage per county records. Buyer/agent to verify all. Do not disturb tenants; offer subject to inspection.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Front And Rear
County
Utah
Lot Size
0.17 sq ft
Condition
Blt./Standing
MLS #
2160823
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Front And Rear
County
Utah
Lot Size
0.17 sq ft
Condition
Blt./Standing
MLS #
2160823
List Price
$850,000
Original Price
$900,000
Annual Taxes
$5,802
Home Warranty
No
List Price
$850,000
Original Price
$900,000
Annual Taxes
$5,802
Home Warranty
No
Roof
Asphalt
Water Source
Culinary
Roof
Asphalt
Water Source
Culinary
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
63% below
vs Market Median
63% above
Price Reduced
5.6%
Area Growth (YoY)
1.7%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 63% below the median of similar listings
6% price reduction from original list — seller may be motivated
1.7% year-over-year ZHVI growth in this area
Priced 63% above the per-subtype city median
STR net cashflow -$2,939/mo (-50.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
Est. Annual Revenue
$50,472/yr
$283/night · 41% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$2,939 /mo (−$35,264/yr)
Monthly STR income
Monthly ownership cost
Coverage
72%
Net /mo
−$2,939
DSCR
0.69
Elementary
Provo PeaksMiddle School
CentennialHigh School
TimpviewSchool District
Provo
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$465,000
+83% vs median
44 days
234
$190,999 – $38,000,000
$5,802
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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