608 NICOLE, Erda, UT 84074
7BD/—BA Residential in Erda, UT 84074. 6,070 sqft. Built 1997. Listed at $1,294,000. MLS #2151406.
7BD/—BA Residential in Erda, UT 84074. 6,070 sqft. Built 1997. Listed at $1,294,000. MLS #2151406.
This property blends rural lifestyle with modern convenience-bring your animals, hobbies, and vision to make it your own. The impressive 6,000+ sq ft home offers expansive living and entertaining areas, perfect for gatherings. The spacious primary suite is a true retreat, featuring a cozy fireplace and private walkout to the back patio-perfect for enjoying peaceful country views. Downstairs, the fully finished basement includes a separate entrance basement apartment complete with kitchen, laundry, bath, bedroom and storage. An additional kitchen area in the basement is already plumbed and ready for completion-ideal for multi-generational living. The land is fully cross-fenced with durable drill pipe fencing, ideal for rotational grazing and livestock management. A 50' x 80' concrete walled shop with mezzanine provides ample space for equipment, projects, or storage. Property has an 8 inch private well and 2 acre feet of water is included with additional water available to purchase via water right 15-3800 and 15-3848. Square footage figures are provided as a courtesy estimate only and were obtained from private measurement. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
BUZIANIS RANCHETTES
County
Tooele
Zoning
Single-Family
Construction
Asphalt,Stucco
Lot Size
5.65 sq ft
Above Grade Area
2,959 sq ft
Condition
Blt./Standing
MLS #
2151406
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
BUZIANIS RANCHETTES
County
Tooele
Zoning
Single-Family
Construction
Asphalt,Stucco
Lot Size
5.65 sq ft
Above Grade Area
2,959 sq ft
Condition
Blt./Standing
MLS #
2151406
List Price
$1,294,000
Annual Taxes
$6,057
Home Warranty
No
List Price
$1,294,000
Annual Taxes
$6,057
Home Warranty
No
Heating
Forced Air,Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Entrance,Full
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Rights: Owned,Well
Sewer
Septic Tank
View
Mountain(s)
Heating
Forced Air,Gas: Central,Wood
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Entrance,Full
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary,Irrigation,Rights: Owned,Well
Sewer
Septic Tank
View
Mountain(s)
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Why this is a deal
Classification
Strong Cash FlowDeal Score
65/100
vs Similar Homes
105% above
vs Market Median
34% above
Area Growth (YoY)
4.6%
Deal Score Breakdown
65/100 · 1 qualifying signal
LT net cashflow +$718/mo (+8.3% return on ownership cost) · STR net cashflow -$6,030/mo (-69.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
4.6% year-over-year ZHVI growth in this area
Priced 105% above the median of similar listings
Priced 34% above the per-subtype city median
No price reduction from original list
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
$10,678/mo
Range: $5,299 – $16,056
Net Monthly Cash Flow
+$719 /mo (+$8,625/yr)
Monthly rental income
Monthly ownership cost
Coverage
123%
Net /mo
+$718
DSCR
1.46
Est. Annual Revenue
$45,395/yr
$114/night · 52% occupancy · $57/bedroom · $0.10/sqft
Net Monthly Cash Flow
−$6,031 /mo (−$72,376/yr)
Monthly STR income
Monthly ownership cost
Coverage
44%
Net /mo
−$6,030
DSCR
0.41
$640,000
+102% vs median
178 days
23
$515,000 – $2,374,900
$6,057
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