247 Miller LnCheyenneWY82009
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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 247 Miller Ln, Cheyenne, WY, 82009 with 5% annual appreciation on a $225,000 basis while $1,610/mo rent supports operations. Total monthly income totals $1,610/mo and a $1,101/mo payment preserves $331/mo for cash returns. Annual cash flow comes to $3,970/yr on $74,588 deployed, and return on cash invested reaches 25.23% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.59%. Five-year ROI measures 130.73% and total cumulative return in cash totals $97,509.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,610/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1987
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82009, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 11,923 (75.6%) |
| Renter Occupied HU | 3,125 (19.8%) |
| Vacant Housing Units | 719 ( 4.6%) |
| Median Home Value | $461,931 |
| Average Home Value | $495,967 |
Housing Distribution
Address Breakdown
Residential
16,174
Single Family
15,384
Multi-Family
790
Businesses
718
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