1516 Grand Ave UNIT 107LaramieWY82070
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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 Laramie at 1516 Grand Ave UNIT 107, Laramie, WY, 82070 uses $54,698 cash to close to unlock $4,156/yr annual cash flow and $346/mo monthly cash flow. Total monthly income runs $1,285/mo, and a $808/mo payment keeps the spread at $346/mo. Purchase price stands at $165,000, and rental yield measures 9.35% with $1,285/mo rent. Return on cash invested shows 27.51% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 143.02% and total cumulative return in cash records $78,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,285/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1963
871.20 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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