14 Morning Glory WayRock SpringsWY82901
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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
Rental property for sale in Rock Springs at 14 Morning Glory Way, Rock Springs, WY, 82901 priced at $360,000 converts $2,096/mo rent into $49/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,096/mo, and annual cash flow totals $588/yr on $119,340 invested. Return on cash invested prints 20.4% in year one, and rental yield reads 6.99% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 104.8% and total cumulative return in cash sums $125,073. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,096/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82901, Rock Springs, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,762 (100%) |
| Owner Occupied HU | 7,482 (58.6%) |
| Renter Occupied HU | 3,478 (27.3%) |
| Vacant Housing Units | 1,802 (14.1%) |
| Median Home Value | $277,530 |
| Average Home Value | $357,272 |
Housing Distribution
Address Breakdown
Residential
11,308
Single Family
11,186
Multi-Family
122
Businesses
877
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Listed by: Katelyn Buller • House to Home Real Estate
Mls Name: WYOMLS
Mls ID: #20260034