3202 Reed 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 3202 Reed Ave, Cheyenne, WY, 82001 uses $81,218 cash to close to unlock $11,916/yr annual cash flow and $993/mo monthly cash flow. Total monthly income runs $2,386/mo, and a $1,199/mo payment keeps the spread at $993/mo. Purchase price stands at $245,000, and rental yield measures 11.69% with $2,386/mo rent. Return on cash invested shows 34.58% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 180.92% and total cumulative return in cash records $146,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,386/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1942
6,969 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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