3504 Snyder 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
Rental property for sale in Cheyenne at 3504 Snyder Ave, Cheyenne, WY, 82001 priced at $515,000 converts $1,668/mo rent into after a $2,521/mo obligation. Total monthly income equals $1,668/mo. Return on cash invested prints 11.13% in year one, and rental yield reads 3.89% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 55.09% and total cumulative return in cash sums $93,337. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,668/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Multi Family
Built in 1973
8,712 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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Listed by: Jim Weaver • #1 Properties
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #97143
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright 2025 Cheyenne MLS