2511 E 13th StCheyenneWY82001
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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 2511 E 13th St, Cheyenne, WY, 82001 uses $112,014 cash to close to unlock $4,674/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $2,311/mo, and a $1,654/mo payment keeps the spread at $390/mo. Purchase price stands at $337,900, and rental yield measures 8.21% with $2,311/mo rent. Return on cash invested shows 24.08% in year one, and 5% annual appreciation builds toward $93,356 over five years. Five-year ROI reaches 124.58% and total cumulative return in cash records $139,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,311/mo property income covering a $1,654/mo payment rather than investor’s personal income.
Single Family
Built in 1941
6,534 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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Listed by: Scott Foster • #1 Properties
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #94872
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 2024 Cheyenne MLS