3601 Miranda 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
Rental property for sale in Gillette at 3601 Miranda Ave, Gillette, WY, 82718 priced at $235,000 converts $2,017/mo rent into $681/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,017/mo, and annual cash flow totals $8,172/yr on $77,903 invested. Return on cash invested prints 30.4% in year one, and rental yield reads 10.3% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 158.43% and total cumulative return in cash sums $123,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,017/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Townhouse
Built in 2008
3,049 sqft 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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Listed by: Ginny Bergquist • Real Estate Systems
Mls Name: Northeast Wyoming Realtors Association
Mls Provider:
Mls ID: #25-1977
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.