Deal of the Day Eagle Mountain Condo near Ranches

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At PMI Made Simple we strive to be your financial guide along your journey to financial freedom through real estate. We also believe that Utah county and Utah is a unique real estate market that can be rewarding to real estate investors.

This is a quick real estate investment analysis of a condo that just hit the market in the East part of Eagle Mountain near the Ranches! This property has a couple of things going for it that we think that this could be a great 1st or 2nd acquisition for a real estate investor. Its price is great to get a 3 bedroom property at $205,000. Market rate rents are $1,175/mo. However, one of the bedrooms would need to be repainted to get that rental rate.

Here are a few of the reasons why we like it:

  • 2009 construction
  • This area of Eagle Mountain near the Ranches grown alot with a lot of commerical real estate come into the area. Growth is only going to get better for this are over time as well.
  • Solid school system near Westlake High School
  • Potential for positive cash flow after HOA payments with a 25% downpayment
  • The community comes with great amenities.

We like investments in the East Side of Eagle Mountian, we think you can get a lot of property for your investment.

Here is our summary scorecard.

City Type Millcreek Condo
Price for Cash Flow? B
Est. Vacancy? B
Property Age/condition A-
Infrastructure/growth B+
Key Characteristics Growth area, low price point, good condition
Recommended Investment Someone getting started
Who is it a fit for? Learning opportunity, lower buy in

All figures are estimates. Brokerage services provided by PMI Wasatch