2433 LOCUST, Cedar City, UT 84720
4BD/—BA Residential in Cedar City, UT 84720. 2,400 sqft. Built 2025. Listed at $583,000. MLS #2124490.
4BD/—BA Residential in Cedar City, UT 84720. 2,400 sqft. Built 2025. Listed at $583,000. MLS #2124490.
Brand new custom home! 4 Bed/2.5 Bath with oversized garage. Upgrades include quartz countertops, tile flooring, stainless appliances with gas range, oversize, upgrading lighting, Large pantry, sink in laundry room, high ceilings, open living room/kitchen and more! Oversized garage with boat bay.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
Subdivision
CHELSEY SUBDIVISION
County
Iron
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.35 sq ft
Above Grade Area
2,400 sq ft
Condition
Blt./Standing
MLS #
2124490
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
1
Subdivision
CHELSEY SUBDIVISION
County
Iron
Zoning
Single-Family
Construction
Stone,Stucco
Lot Size
0.35 sq ft
Above Grade Area
2,400 sq ft
Condition
Blt./Standing
MLS #
2124490
List Price
$583,000
Original Price
$635,000
HOA Fees
$94 / Monthly
Home Warranty
No
List Price
$583,000
Original Price
$635,000
HOA Fees
$94 / Monthly
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Slab
Materials
Stone,Stucco
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet
Basement
Slab
Materials
Stone,Stucco
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Garage Spaces
4
Covered Spaces
4
Total Parking
4
Why this is a deal
Classification
Growth Market DealDeal Score
100/100
vs Similar Homes
30% above
vs Market Median
7% above
Price Reduced
8.2%
Area Growth (YoY)
12.8%
Deal Score Breakdown
100/100 · 2 qualifying signals
12.8% year-over-year ZHVI growth in this area
8% price reduction from original list — seller may be motivated
Priced 7% above the per-subtype city median
LT net cashflow -$431/mo (-11.3% return on ownership cost) · STR net cashflow -$2,028/mo (-53.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 30% above the median of similar listings
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$3,858/mo
Range: $3,124 – $4,591
Net Monthly Cash Flow
−$430 /mo (−$5,165/yr)
Monthly rental income
Monthly ownership cost
Coverage
101%
Net /mo
−$431
DSCR
1.15
Est. Annual Revenue
$30,815/yr
$98/night · 51% occupancy · $56/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$2,027 /mo (−$24,318/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$2,028
DSCR
0.61
School District
Iron
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$440,000
+33% vs median
78 days
174
$223,000 – $5,750,000
$94/monthly
Low Crime
9.4
per 1,000
18.3
per 1,000
7.4
per 1,000
35.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Devin Tanner - Utah Realtor
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