302 S Spokane AveNewcastleWY82701
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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 Newcastle at 302 S Spokane Ave, Newcastle, WY, 82701 priced at $329,000 pairs $3,373/mo rent with $1,503/mo cash flow after a $1,610/mo payment. Total monthly income equals $3,373/mo, and annual cash flow comes to $18,030/yr on $109,064 invested. Return on cash invested is 36.44% in year one, and rental yield stands at 12.3% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 190.85% and total cumulative return in cash reaches $208,149. For financing, Ziffy Mortgage’s DSCR program evaluates $3,373/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1954
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82701, Newcastle, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,569 (100%) |
| Owner Occupied HU | 1,637 (63.7%) |
| Renter Occupied HU | 481 (18.7%) |
| Vacant Housing Units | 451 (17.6%) |
| Median Home Value | $248,875 |
| Average Home Value | $303,603 |
Housing Distribution
Address Breakdown
Residential
2,167
Single Family
2,144
Multi-Family
23
Businesses
291
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Listed by: Chrissy Harding • Razor City Realty
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #24-631
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.