Price Reduced to $850,000! Don't miss this prime opportunity to own a luxury home in the coveted Legacy Farms neighborhood.
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<a href="https://www.homes.com/property/2007-e-900-n-spanish-fork-ut/nqlsy1jk2qb3z/" target="_blank">View property on homes.com<img class="prop-btn-vec" src="https://bucket.ywhdev.com/wl/?id=rWbNAf6NkPwAmR1lGr4xhlmds36PSHf8&fmode=open"/></a>
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This home is listed by Paige Steckling
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<p class="sec-txt-bld">Projected annual rent:</p>
<p>$64,000</p>
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<div class="sec3-head">Operating Expenses</div>
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<p class="sec-txt">Property Tax:</p>
<p>$3,195</p>
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<p class="sec-txt">Insurance:</p>
<p>$2,900</p>
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<p class="sec-txt">Regular Maintenance:</p>
<p>$1,800</p>
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<p class="sec-txt">Reserves for Replacement:</p>
<p>$3,200</p>
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<p class="sec-txt">Annual Expenses:</p>
<p>$8,095</p>
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<p class="sec-txt">Net Operating Income:</p>
<p>$40,905</p>
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<p class="sec-txt">CAP Rate:</p>
<p>4.72%</p>
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<p class="sec-txt-bld">What Sets It Apart</p>
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This property stands out with unique upgrades such as hand-painted walls, an Aquasana water system, and a 3-car garage with epoxy flooring. Luxury outdoor features, including a covered patio, pergola, and playset, cater to high-end renters. With the home's design and location, it could rent for $4,000-$5,000 per month, making it highly attractive to affluent tenants.
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<p class="sec-txt-bld">Investor HIghlights</p>
<p>At a price of $850,000, this property offers an estimated 4.7% cap rate, making it a solid choice for investors. With the potential to generate over $60,000 in annual rental income, this home is well-suited for long-term financial growth. Located in the desirable Legacy Farms neighborhood, this property promises steady demand from renters seeking luxury living. </p>
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