2708 Cascade DrGilletteWY82718
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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 Gillette at 2708 Cascade Dr, Gillette, WY, 82718 priced at $324,700 converts $2,926/mo rent into $1,063/mo cash flow after a $1,589/mo obligation. Total monthly income equals $2,926/mo, and annual cash flow totals $12,752/yr on $107,638 invested. Return on cash invested prints 31.76% in year one, and rental yield reads 10.81% against a $324,700 entry. Equity gained on principal adds $2,095/yr, while 5% annual appreciation compiles into $89,709 by year five. Five-year ROI reaches 165.78% and total cumulative return in cash sums $178,443. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,926/mo property income covering a $1,589/mo payment, not borrower’s personal income.
Single Family
Built in 1980
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82718, Gillette, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,305 (100%) |
| Owner Occupied HU | 7,077 (68.7%) |
| Renter Occupied HU | 2,483 (24.1%) |
| Vacant Housing Units | 745 ( 7.2%) |
| Median Home Value | $330,776 |
| Average Home Value | $365,577 |
Housing Distribution
Address Breakdown
Residential
9,960
Single Family
8,981
Multi-Family
979
Businesses
648
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Listed by: Maurica Hanson • RE/MAX Professionals
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #25-1864
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.