977 1080, Richfield, UT 84701
3BD/—BA Residential in Richfield, UT 84701. 2,571 sqft. Built 2024. Listed at $499,900. MLS #2140403.
3BD/—BA Residential in Richfield, UT 84701. 2,571 sqft. Built 2024. Listed at $499,900. MLS #2140403.
Versatile ownership opportunity located in Richfield City under RM-11 zoning. This beautifully maintained home offers flexibility for both owner-occupants and investors. Currently operating as a licensed short-term rental with established performance, the property may continue as an income-producing asset (subject to local regulations and buyer verification) or transition seamlessly into a primary residence or second home. Interior upgrades include an upscale kitchen, black windows, upgraded garage door, two-tone interior paint, quality carpet, higher-end laminate flooring, and ceiling fans throughout. Exterior features include attractive landscaping and a nearly fully fenced yard, enhancing both everyday living and guest appeal. Financial performance is based on approximately eight months of actual 2025 short-term rental operations and has been annualized to reflect stabilized performance. Detailed financials are available upon request. The sale includes furnishings currently used in rental operations, allowing for a smooth, turnkey transition. Personal property to transfer via separate bill of sale at closing. The property may be purchased individually or together with a second nearby income-producing property with a separate tax ID, creating a unique portfolio expansion opportunity. This listing represents the right side of the twin home located at 977 West 1080 South and constitutes one-half of the building. See agent remarks for additional information.
Property Type
Residential
Property Style
Twin
Architectural Style
Stories: 2
Stories
3
Subdivision
TOK DEVELOPMENT TOWN HOMES PHASE 3
County
Sevier
Zoning
Single-Family, Short Term Rental Allowed
Construction
Asphalt,Stucco
Lot Size
0.09 sq ft
Above Grade Area
1,786 sq ft
Condition
Blt./Standing
MLS #
2140403
Property Type
Residential
Property Style
Twin
Architectural Style
Stories: 2
Stories
3
Subdivision
TOK DEVELOPMENT TOWN HOMES PHASE 3
County
Sevier
Zoning
Single-Family, Short Term Rental Allowed
Construction
Asphalt,Stucco
Lot Size
0.09 sq ft
Above Grade Area
1,786 sq ft
Condition
Blt./Standing
MLS #
2140403
List Price
$499,900
Original Price
$519,000
Annual Taxes
$1,225
Home Warranty
No
List Price
$499,900
Original Price
$519,000
Annual Taxes
$1,225
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Full
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Refrigerator,Water Softener Owned
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
80/100
vs Market Median
20% above
Price Reduced
3.7%
Area Growth (YoY)
9.7%
Deal Score Breakdown
80/100 · 1 qualifying signal
9.7% year-over-year ZHVI growth in this area
4% price reduction from original list — seller may be motivated
Priced 20% above the per-subtype city median
STR net cashflow -$2,002/mo (-61.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Not enough comparable 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
Est. Annual Revenue
$21,552/yr
$180/night · 47% occupancy · $60/bedroom · $0.07/sqft
Net Monthly Cash Flow
−$2,003 /mo (−$24,032/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$2,002
DSCR
0.50
$350,000
+43% vs median
76 days
25
$220,000 – $1,299,000
$1,225
High Crime
20.8
per 1,000
30.6
per 1,000
10.8
per 1,000
62.2
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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