118 SILVER SPRINGS, Vineyard, UT 84059
3BD/—BA Residential in Vineyard, UT 84059. 1,265 sqft. Built 2017. Listed at $344,900. MLS #2150776.
3BD/—BA Residential in Vineyard, UT 84059. 1,265 sqft. Built 2017. Listed at $344,900. MLS #2150776.
Upper-level 3 bed, 2 bath condo in The Preserve at Waters Edge community in Vineyard. Open floor plan with vaulted ceilings creates a bright, comfortable living space. The kitchen features stainless steel appliances, ample cabinet storage, and a large pantry, and opens directly to the dining and living areas. The primary suite includes a walk-in closet and private bathroom. Two additional bedrooms offer flexible use for guests or a home office. Private balcony with great sunset views. Conveniently located near the Vineyard FrontRunner Station, UVU, shopping, dining, and the growing Utah City area, with access to community amenities. Fridge, washer, and dryer are included. Currently tenant occupied with a lease in place through the end of June.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
THE PRESERVE AT WATE
County
Utah
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,265 sq ft
Condition
Blt./Standing
MLS #
2150776
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
THE PRESERVE AT WATE
County
Utah
Zoning
Single-Family
Construction
Asphalt,Stone,Stucco
Lot Size
0.03 sq ft
Above Grade Area
1,265 sq ft
Condition
Blt./Standing
MLS #
2150776
List Price
$344,900
Original Price
$349,900
HOA Fees
$239 / Monthly
Annual Taxes
$2,083
Home Warranty
No
List Price
$344,900
Original Price
$349,900
HOA Fees
$239 / Monthly
Annual Taxes
$2,083
Home Warranty
No
Heating
Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Asphalt,Stone,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Lake,Mountain(s)
Heating
Gas: Central,>= 95% efficiency
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Asphalt,Stone,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
View
Lake,Mountain(s)
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Classification
Standard
Deal Score
50/100
vs Similar Homes
1% below
vs Market Median
1% below
Price Reduced
1.4%
Area Growth (YoY)
4.5%
Deal Score Breakdown
50/100
Priced 1% below the median of similar listings
Priced 1% below the per-subtype city median
4.5% year-over-year ZHVI growth in this area
1% price reduction from original list — seller may be motivated
LT net cashflow -$534/mo (-20.6% return on ownership cost) · STR net cashflow -$941/mo (-36.3% 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
Monthly Rent
$2,337/mo
Range: $2,102 – $2,573
Net Monthly Cash Flow
−$534 /mo (−$6,410/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$534
DSCR
1.20
Est. Annual Revenue
$28,283/yr
$364/night · 41% occupancy · $123/bedroom · $0.38/sqft
Net Monthly Cash Flow
−$941 /mo (−$11,295/yr)
Monthly STR income
Monthly ownership cost
Coverage
91%
Net /mo
−$941
DSCR
0.96
Best Download
2 Gbps
Best Upload
1 Gbps
Fiber Available
Yes
Providers
10
Available Providers
$550,000
-37% vs median
69 days
50
$329,000 – $2,700,000
$2,083
$239/monthly
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