138 3rd AveNewcastleWY82701
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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
Investment property for sale in Newcastle at 138 3rd Ave, Newcastle, WY, 82701 uses $90,936 cash to close to unlock $2,584/yr annual cash flow and $215/mo monthly cash flow. Total monthly income runs $1,802/mo, and a $1,343/mo payment keeps the spread at $215/mo. Purchase price stands at $274,318, and rental yield measures 7.88% with $1,802/mo rent. Return on cash invested shows 22.75% in year one, and 5% annual appreciation builds toward $75,789 over five years. Five-year ROI reaches 117.58% and total cumulative return in cash records $106,921. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,802/mo property income covering a $1,343/mo payment rather than investor’s personal income.
Single Family
Built in 1980
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82701, Newcastle, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,569 (100%) |
| Owner Occupied HU | 1,637 (63.7%) |
| Renter Occupied HU | 481 (18.7%) |
| Vacant Housing Units | 451 (17.6%) |
| Median Home Value | $248,875 |
| Average Home Value | $303,603 |
Housing Distribution
Address Breakdown
Residential
2,167
Single Family
2,144
Multi-Family
23
Businesses
291
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Listed by: Teigen Marchant • Keller Williams Realty Black Hills
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #25-2645
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.