1517 Converse AveCheyenneWY82001
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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 Cheyenne at 1517 Converse Ave, Cheyenne, WY, 82001 listed at $315,000 pairs $2,030/mo rent with a $1,542/mo payment to leave $239/mo cash flow. Total monthly income runs $2,030/mo, and annual cash flow reaches $2,863/yr on $104,423 cash to close. Return on cash invested measures 22.65% in year one, and rental yield registers 7.73% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 116.9% and total cumulative return in cash totals $122,069. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,030/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82001, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,987 (100%) |
| Owner Occupied HU | 9,630 (53.5%) |
| Renter Occupied HU | 7,056 (39.2%) |
| Vacant Housing Units | 1,301 ( 7.2%) |
| Median Home Value | $341,400 |
| Average Home Value | $394,309 |
Housing Distribution
Address Breakdown
Residential
17,002
Single Family
16,037
Multi-Family
965
Businesses
1,513
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