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$624,900

For Sale - Active
6675 S Greenfield Way, Cottonwood Heights, UT 84121
3 Beds
2.0 Baths
2,416 Square Feet
0.22 Acres Lot
Built in 1960
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Apr 24, 2025 at 05:32AM

Investment Summary


Monthly Cash Flow
-$1,455
Cap Rate
2.9%
Cash-on-Cash Return
-12.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-7.8%

Property Description


0.22 Acres Lot
Built in 1960
For Sale - Active
Units n/a

A STEP BACK INTO 1960. Very well-maintained home. With a walkout basement, this home is ready for a mother-n-law Apartment The yard is fully landscaped with mature trees and great curb appeal. Large family room with fireplace.

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Location


Property Details


Parking

  • Description: Covered, Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 6

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 11
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2221426001
  • Lot Size: 9583 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Rambler/Ranch
  • Year Built: 1960

Tax Information

  • Annual Tax: $2,672

Utilities

  • Heating: Central, Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Salt Lake

Listing Details


Listed by:
Ronald Thurber
Equity Real Estate (Solid)

Source:
UtahRealEstate (Wasatch Front)
MLS#: 2079754
UtahRealEstate (Wasatch Front)

Investment Summary


Monthly Cash Flow
-$1,455
Cap Rate
2.9%
Cash-on-Cash Return
-12.1%
Debt Coverage Ratio
0.51
Internal Rate of Return (5 years)
-7.8%

Purchase Details

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Purchase price:
$624,900
Amount financed:
-$499,920
Down payment:
$124,980
Closing costs:
$18,747
Rehab costs:
$0
Initial cash invested:
$143,727
Square feet:
2,416
Cost per square foot:
$259
Monthly rent per square foot:
$1.03

Financing Details

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Loan amount:
$499,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principle & interest:
$2,957
Property tax:
$223
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,355

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$223-$2,672
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (0%)
0%$0$0
Total operating expenses: (34%)
34%-$848-$10,172

Cash Flow


Monthly Yearly
Net operating income:
$1,502 $18,024
Mortgage payments:
-$2,957 -$35,484
Cash flow:
$1,455 $17,460