1029 S Melrose StCasperWY82601
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid, durable, and financeable, 1029 S Melrose St, Casper, WY, 82601 in Casper earns a 7.4% gross yield at $725,000. Rent of $4,474/mo nets $351/mo after the $3,260/mo mortgage. The 1.37 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $200,304 and $6,677/yr in equity accumulation project a total cumulative return of $295,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.2% |
| Monthly Cash Flow | $351 | $850 |
City averages based on Casper market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,474 |
| Total Monthly Debt Service | $3,834 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82601, Casper, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,172 (100%) |
| Owner Occupied HU | 7,011 (53.2%) |
| Renter Occupied HU | 4,348 (33.0%) |
| Vacant Housing Units | 1,813 (13.8%) |
| Median Home Value | $296,134 |
| Average Home Value | $347,945 |
Housing Distribution
Address Breakdown
Residential
11,872
Single Family
11,044
Multi-Family
828
Businesses
1,650
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
Single Family
Built in 2023
10,541 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82601, Casper, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,172 (100%) |
| Owner Occupied HU | 7,011 (53.2%) |
| Renter Occupied HU | 4,348 (33.0%) |
| Vacant Housing Units | 1,813 (13.8%) |
| Median Home Value | $296,134 |
| Average Home Value | $347,945 |
Housing Distribution
Address Breakdown
Residential
11,872
Single Family
11,044
Multi-Family
828
Businesses
1,650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices