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529 S May Dr , Cedar City, UT 84720
$339,000
Est. Payment: $1,684.49/mo
3 Bed
2 Bath
1400 Sqft
Status: active | Days on site: 51
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Ardivus Brivity
Sooper Dooper Guy
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House Description

Cap rate over 5%!!! INVESTORS or parents of students headed to SUU for school, take a look! Turnkey investment opportunity in the Cedar City! This home boasts a current cap rate of over 5% with current business model, year-round income potential. Built in 2023, this like-new 3-bedroom, 2-bath townhome offers approximately 1,400 sq ft and is perfectly positioned for investors seeking strong cash flow and multiple rental strategies. Currently operating as a furnished short-term summer rental and school year student housing property. Targeted for Airbnb, vacation rental, and Southern Utah University student housing, Visitors are drawn year-round by nearby national parks, Brian Head ski resort, world-class hiking, dark-sky stargazing, and the renowned Utah Shakespeare Festival, which welcomes over 100,000 visitors annually. The current owners have already built a successful turnkey system for the next investor, with more than 35 summer bookings currently on the calendar and over 30 five-star Airbnb reviews. Everything is already in place, including the Airbnb listing and online presence, professional cleaners, all documents for student housing lease agreements student and cleaning documents ready to go, making for a seamless transition and immediate income opportunity. Inside, you'll find durable LVP flooring, quartz countertops, smart locks, modern finishes, and a functional open layout designed for low-maintenance ownership. The property is fully furnished for both students and short term renters and ready for immediate rental income. Additional features include two walk in closets, basement crawl space storage and a spacious two-car garage. Conveniently located near SUU, shopping, dining, and entertainment, with easy access to national parks, only 30 minutes to ski resorts, 15 minutes to Kanarra falls, 20 minutes to west entrance of Zions and approximately 45 minutes to St. George. We have a well-established partially automated system in place and are happy to help new owners take over seamlessly. Whether you're looking for comfortable housing for your SUU student, expanding your portfolio, seeking a 1031 exchange opportunity, or entering the short-term rental market, this property offers flexibility, location, and proven income potential.
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Highlights

Listed by Jennifer Misbach , 801-494-9415 Century 21 Lifestyle Real Estate , 801-318-1424. Wasatch Front Multiple Listing Service

Property Type

Condo/Townhome
Lot/Acreage
0.02

HOA Fee

150 Monthly

Year Built

2023

County

Iron

Area

Cedar Cty; Enoch; Pintura

 Neighborhood

Old Sorrel Townhomes Pud

 School District

Iron

Listing ID

2156355

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Appliances:Dryer, Microwave, Range Hood, Refrigerator, Washer, Alarm System,Window Coverings
Air Cond:Central Air
Fireplaces:
Floor:Carpet
Above Ground Sq Ft:1400
Other:Alarm: Fire,Bath: Primary,Closet: Walk-In,Disposal,Great Room,Range: Gas,Range/Oven: Free Stdng.,Video Door Bell(s),Video Camera(s),Smart Thermostat(s)
Other:Culinary

Exterior Features

Lot:Road: Paved,Sidewalks,Sprinkler: Auto-Full,View: Mountain,View: Red Rock
Lot Dimensions:0.0x0.0x0.0
Garage Capacity:4
Zoning:R-3
Roof:Asphalt
Others:Double Pane Windows,Blt./Standing
Sewer:Sewer: Connected
Principal Interest
$1,684
Taxes
$146
HOA
$150

Home Price

$339,000

Loan Details

30 yrs
6.333%

Down Payment

20%
$67,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,684.49

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $1,684.49 $145.83 $150.00 $1,980.33
Yearly $20,213.91 $1,750.00 $1,800.00 $23,763.91
Total $606,417.24 $52,500.00 $54,000.00 $712,917.24
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ardi preflender
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Market insight data is pulled from the same city as the listing being viewed (Cedar City, UT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information deemed reliable but not guaranteed accurate. Buyer to verify all information.The multiple listing information is provided by Wasatch Front Regional Multiple Listing Service, Inc. from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2014 Wasatch Front Regional Multiple Listing Service, Inc., All Rights Reserved. The information provided is for consumers, personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated: 2026-07-05T08:25:40.000Z

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