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1349 N 550 E photo 11 / 48
Single Family

$615,000

1349 N 550 E, Nephi, UT 84648

Type

SFR

List Price

$615,000

Price/Sqft

$164

Est Gross Yield

3.7%

$23,040/yr est.

Property Details

Property typeSingle Family
Year built2002
Total units1
Living area3,757 sqft
Bedrooms6
Bathrooms4
Lot size0.33 acres
Parking3 spaces
Days on market1
Listed2026-06-24T00:00:00+00:00

Description

**Seller currently has a 3% assumable USDA mortgage** Situated on a spacious .33-acre lot, this exceptional property offers the perfect blend of comfort, functionality, and outdoor living. The beautifully landscaped backyard is a true highlight-featuring mature trees, a built-in fire pit, and an in-ground trampoline, creating an ideal setting for both relaxing evenings and lively gatherings. Inside, the home boasts 6 generously sized bedrooms and 3.5 bathrooms, providing ample space for family, guests, or a home office setup. The meticulously designed floor plan offers both openness and privacy where you need it most. A 3-car garage adds convenience and plenty of storage for vehicles, toys, and gear. With its combination of space, charm, and standout outdoor features, this home is a rare find you won't want to miss. Square footage figures are provided as a courtesy estimate only and were obtained from the county records. Buyer is advised to obtain an independent measurement.

Listed by Michelle Mendenhall-Sperry · Equity Real Estate (Advisors)

Location

1349 N 550 E, Nephi, UT 84648

Proforma

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Cap Rate

2.49%

Cash-on-Cash

-5.83%

Cash Flow

-$1,120/mo

Purchase Price$615,000
Down Payment35% ($215,250)
Interest Rate6.00%
Monthly Rent$1,920/mo
Vacancy5%
Expense Ratio30% ($6,566)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/25/2026, 2:20:55 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.