2202 Garfield St #4LaramieWY82070
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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 2202 Garfield St #4, Laramie, WY, 82070 generates $1,542/mo in rent and, after a $1,003/mo payment, leaves $186/mo in cash flow. Total monthly income is $1,542/mo, and annual cash flow is $2,236/yr on $67,958 invested. Return on cash invested sits at 23.2% in year one, and rental yield is 9.03% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 121.09% and total cumulative return in cash sums $82,290. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,542/mo property income rather than buyer’s personal income.
Condo
Built in 1966
2,178 sqft lot
$N/A/sqft
$190 monthly 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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Listed by: Elsa McHenry • Coldwell Banker, The Property Exchange
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #97323
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright 2025 Cheyenne MLS