2215 Sheridan StLaramieWY82070
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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 2215 Sheridan St, Laramie, WY, 82070 uses $128,954 cash to close to unlock $1,944/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $2,374/mo, and a $1,904/mo payment keeps the spread at $162/mo. Purchase price stands at $389,000, and rental yield measures 7.32% with $2,374/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 110.3% and total cumulative return in cash records $142,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,374/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 1957
8,712 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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