308 Polk StRock SpringsWY82901
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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 Rock Springs at 308 Polk St, Rock Springs, WY, 82901 offers $1,656/mo rent that, after a $929/mo payment, leaves $577/mo cash flow. Total monthly income is $1,656/mo, and annual cash flow is $6,920/yr on $62,952 cash. Return on cash invested measures 30.9% in year one, and rental yield stands at 10.46% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 161.14% and total cumulative return in cash reaches $101,441. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,656/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82901, Rock Springs, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,762 (100%) |
| Owner Occupied HU | 7,482 (58.6%) |
| Renter Occupied HU | 3,478 (27.3%) |
| Vacant Housing Units | 1,802 (14.1%) |
| Median Home Value | $277,530 |
| Average Home Value | $357,272 |
Housing Distribution
Address Breakdown
Residential
11,308
Single Family
11,186
Multi-Family
122
Businesses
877
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Listed by: Becky Costantino • The 307 Real Estate Group, LLC
Mls Name: WYOMLS
Mls ID: #20253608