240 Patton AveCheyenneWY82007
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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 Cheyenne at 240 Patton Ave, Cheyenne, WY, 82007 offers $2,176/mo rent that, after a $1,493/mo payment, leaves $442/mo cash flow. Total monthly income is $2,176/mo, and annual cash flow is $5,298/yr on $101,108 cash. Return on cash invested measures 25.15% in year one, and rental yield stands at 8.56% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 130.3% and total cumulative return in cash reaches $131,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,176/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2004
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82007, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,967 (100%) |
| Owner Occupied HU | 5,530 (55.5%) |
| Renter Occupied HU | 3,785 (38.0%) |
| Vacant Housing Units | 652 ( 6.5%) |
| Median Home Value | $278,983 |
| Average Home Value | $318,095 |
Housing Distribution
Address Breakdown
Residential
9,538
Single Family
9,282
Multi-Family
256
Businesses
502
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