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972 S 550 E photo 11 / 36
Single FamilyADU Potential

$649,000

972 S 550 E, Orem, UT 84097

Type

SFR

List Price

$649,000

Price/Sqft

$260

Est Gross Yield

4.3%

$27,828/yr est.

Property Details

Property typeSingle Family
Year built1973
Total units1
Living area2,496 sqft
Bedrooms5
Bathrooms3
Lot size0.29 acres
Parking8 spaces
Days on market0
Listed2026-08-05T00:00:00+00:00

Description

Few places in Orem compare to both the quiet and convenience of this recently remodeled home. Located near the University Mall, Costco and the new Home Depot it features 5 bedrooms, an office, 3 bathrooms and is completely move in ready with so many included furnishings. It sits on a quiet street with little to no traffic, yet is close to all the amenities you need living in Orem. You'll love the renovated spacious kitchen completed just 3 years ago! Seller also finished a basement remodel at the same time and all other important maintenance has been done on the property. You'll love the big back yard with covered patio area, storage shed, and vegetable garden. The covered carport is a nice addition for extra vehicles, trailers, or guest parking. With a basement entrance, this property would be a great candidate for a mother-in-law apartment. It is a true move-in ready home with the Seller including all items that are currently in the home - TV's, Furniture, Piano, Kitchenwares, Washer & Dryer, Whole Home Water Filter, Patio Set & BBQ, Garden & Yard Tools, Desk, Bookshelves, Rugs, Deep Freezer. Security cameras and system can be included or removed. Contact Kent with any questions at 801-879-7790 and schedule your showing today! All information deemed reliable but not guaranteed. Buyer and Buyer's to verify all information. Included personal property items may vary from photos on the MLS.

Listed by Kent W Phippen · Kent Real Estate LLC

Location

972 S 550 E, Orem, UT 84097

Proforma

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Cap Rate

2.85%

Cash-on-Cash

-4.87%

Cash Flow

-$987/mo

Purchase Price$649,000
Down Payment35% ($227,150)
Interest Rate6.00%
Monthly Rent$2,319/mo
Vacancy5%
Expense Ratio30% ($7,931)

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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 8/5/2026, 9:12:33 PM. 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.