859 620, Provo, UT 84606
4BD/—BA Residential in Provo, UT 84606. 1,160 sqft. Built 2005. Listed at $535,000. MLS #2173874.
4BD/—BA Residential in Provo, UT 84606. 1,160 sqft. Built 2005. Listed at $535,000. MLS #2173874.
Rare opportunity to purchase a 4 bed condo near BYU! The unit is rented by the bed which drives great revenue!! The unit is always full and is able to increase rents year after year! All rooms have been leased on one year terms. The South Campus is the most desirable area for students to live and is a short walk to class, restaurants and other area amenities. Financial information can be provided upon request. Square footage figures are provided as a courtesy estimate only and were obtained from County records . Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
LANAI CONDO
County
Utah
Zoning
Commercial
Lot Size
0.03 sq ft
Above Grade Area
1,160 sq ft
Condition
Blt./Standing
MLS #
2173874
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
LANAI CONDO
County
Utah
Zoning
Commercial
Lot Size
0.03 sq ft
Above Grade Area
1,160 sq ft
Condition
Blt./Standing
MLS #
2173874
List Price
$535,000
HOA Fees
$270 / Monthly
Annual Taxes
$2,215
Home Warranty
No
List Price
$535,000
HOA Fees
$270 / Monthly
Annual Taxes
$2,215
Home Warranty
No
Basement
None
Sewer
Sewer: Connected,Sewer: Public
Basement
None
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Classification
Standard
Deal Score
25/100
vs Similar Homes
50% above
vs Market Median
48% above
Area Growth (YoY)
2.1%
Deal Score Breakdown
25/100
2.1% year-over-year ZHVI growth in this area
Priced 50% above the median of similar listings
Priced 48% above the per-subtype city median
LT net cashflow -$2,055/mo (-52.4% return on ownership cost) · STR net cashflow -$2,675/mo (-68.3% 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.
Monthly Rent
$2,117/mo
Range: $1,214 – $3,020
Net Monthly Cash Flow
−$2,055 /mo (−$24,664/yr)
Monthly rental income
Monthly ownership cost
Coverage
54%
Net /mo
−$2,055
DSCR
0.68
Est. Annual Revenue
$21,309/yr
$285/night · 43% occupancy · $114/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$2,677 /mo (−$32,119/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$2,675
DSCR
0.45
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$480,000
+11% vs median
45 days
255
$190,999 – $38,000,000
$2,215
$270/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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