308 Potter AveGilletteWY82718
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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 Gillette at 308 Potter Ave, Gillette, WY, 82718 with 5% annual appreciation on a $382,000 basis while $2,636/mo rent supports operations. Total monthly income totals $2,636/mo and a $1,870/mo payment preserves $464/mo for cash returns. Annual cash flow comes to $5,563/yr on $126,633 deployed, and return on cash invested reaches 24.3% in year one. Equity gained on principal adds $2,465/yr, and five-year appreciation sums $105,540 alongside rental yield of 8.28%. Five-year ROI measures 125.75% and total cumulative return in cash totals $159,245.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,636/mo property income versus a $1,870/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1995
1.01 Acres 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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