1417 Spring Creek DrLaramieWY82070
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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 Laramie at 1417 Spring Creek Dr, Laramie, WY, 82070 priced at $360,000 converts $2,342/mo rent into $295/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,342/mo, and annual cash flow totals $3,540/yr on $119,340 invested. Return on cash invested prints 22.88% in year one, and rental yield reads 7.81% 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 118.08% and total cumulative return in cash sums $140,913. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,342/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1951
6,534 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
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