3078 Homestead AveCheyenneWY82001
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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 3078 Homestead Ave, Cheyenne, WY, 82001 offers a 7.57% rental yield on a $287,500 purchase with $1,813/mo rent. Total monthly income registers $1,813/mo, and a $1,407/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,141/yr on $95,306 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $1,855/yr while 5% annual appreciation supports $79,431 over five years. Portfolio math shows five-year ROI at 114.24% and total cumulative return in cash at $108,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,813/mo property income against a $1,407/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
6,098 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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