1303 Palmer DrLaramieWY82070
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 1303 Palmer Dr, Laramie, WY, 82070 in Laramie at $360,000 earns $2,137/mo in rent and nets $90/mo after the $1,619/mo payment, a 7.12% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $99,461 over five years. Ziffy Mortgage underwrites this on a 1.32 DSCR without U.S. credit history. With $3,316/yr in principal paydown, total projected return reaches $141,483.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.8% |
| Monthly Cash Flow | $90 | $1,250 |
City averages based on Laramie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,137 |
| Total Monthly Debt Service | $1,904 |
| DSCR Ratio | 1.12x |
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 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82070, Laramie, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,954 (100%) |
| Owner Occupied HU | 4,484 (45.0%) |
| Renter Occupied HU | 4,264 (42.8%) |
| Vacant Housing Units | 1,206 (12.1%) |
| Median Home Value | $365,125 |
| Average Home Value | $400,393 |
Housing Distribution
Address Breakdown
Residential
9,152
Single Family
8,788
Multi-Family
364
Businesses
766
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 1962
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82070, Laramie, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,954 (100%) |
| Owner Occupied HU | 4,484 (45.0%) |
| Renter Occupied HU | 4,264 (42.8%) |
| Vacant Housing Units | 1,206 (12.1%) |
| Median Home Value | $365,125 |
| Average Home Value | $400,393 |
Housing Distribution
Address Breakdown
Residential
9,152
Single Family
8,788
Multi-Family
364
Businesses
766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices