309 Carey AveGilletteWY82716
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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 Gillette at 309 Carey Ave, Gillette, WY, 82716 priced at $185,000 converts $1,086/mo rent into $35/mo cash flow after a $905/mo obligation. Total monthly income equals $1,086/mo, and annual cash flow totals $414/yr on $61,328 invested. Return on cash invested prints 20.58% in year one, and rental yield reads 7.04% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 105.82% and total cumulative return in cash sums $64,899. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,086/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1930
6,969 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
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Listed by: Jess Bagnarello • RE/MAX Professionals
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #25-2040
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.