304 E Laramie StGilletteWY82716
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 304 E Laramie St, Gillette, WY, 82716 in Gillette earns a 9.19% gross yield at $215,000. Rent of $1,646/mo nets $424/mo after the $967/mo mortgage. The 1.70 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $59,401 and $1,980/yr in equity accumulation project a total cumulative return of $108,304.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 9.2% |
| Monthly Cash Flow | $424 | $1,250 |
City averages based on Gillette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,646 |
| Total Monthly Debt Service | $1,137 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82716, Gillette, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,952 (100%) |
| Owner Occupied HU | 4,622 (58.1%) |
| Renter Occupied HU | 2,355 (29.6%) |
| Vacant Housing Units | 975 (12.3%) |
| Median Home Value | $258,847 |
| Average Home Value | $297,468 |
Housing Distribution
Address Breakdown
Residential
7,417
Single Family
6,796
Multi-Family
621
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1963
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82716, Gillette, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,952 (100%) |
| Owner Occupied HU | 4,622 (58.1%) |
| Renter Occupied HU | 2,355 (29.6%) |
| Vacant Housing Units | 975 (12.3%) |
| Median Home Value | $258,847 |
| Average Home Value | $297,468 |
Housing Distribution
Address Breakdown
Residential
7,417
Single Family
6,796
Multi-Family
621
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Leah Stevens • BHHS - Preferred Real Estate Group
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #25-2525
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.