1024 Melton StCheyenneWY82009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Cheyenne at 1024 Melton St, Cheyenne, WY, 82009 generates $2,326/mo in rent and, after a $1,831/mo payment, leaves $165/mo in cash flow. Total monthly income is $2,326/mo, and annual cash flow is $1,976/yr on $123,981 invested. Return on cash invested sits at 21.5% in year one, and rental yield is 7.46% on a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation builds toward $103,329 over five years. Five-year ROI reaches 110.85% and total cumulative return in cash sums $137,437. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,326/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82009, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 11,923 (75.6%) |
| Renter Occupied HU | 3,125 (19.8%) |
| Vacant Housing Units | 719 ( 4.6%) |
| Median Home Value | $461,931 |
| Average Home Value | $495,967 |
Housing Distribution
Address Breakdown
Residential
16,174
Single Family
15,384
Multi-Family
790
Businesses
718
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Nearby investment properties with comparable prices
Listed by: Julie Malm • Coldwell Banker, The Property Exchange
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #97615
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright 2025 Cheyenne MLS