3945 W 38th StCasperWY82604
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 3945 W 38th St, Casper, WY, 82604 in Casper the bet is firmly on appreciation. Rental yield 4.04%. The 4.04% gross yield on a $1,049,000 price is below income-first thresholds, but 5%/yr value growth projects $289,819 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.75) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $239,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 5.2% |
| Monthly Cash Flow | $(2,430) | $850 |
City averages based on Casper market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,535 |
| Total Monthly Debt Service | $5,547 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2007
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82604, Casper, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,953 (100%) |
| Owner Occupied HU | 8,365 (70.0%) |
| Renter Occupied HU | 2,530 (21.2%) |
| Vacant Housing Units | 1,058 ( 8.9%) |
| Median Home Value | $319,199 |
| Average Home Value | $358,518 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
10,663
Multi-Family
189
Businesses
539
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2007
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82604, Casper, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,953 (100%) |
| Owner Occupied HU | 8,365 (70.0%) |
| Renter Occupied HU | 2,530 (21.2%) |
| Vacant Housing Units | 1,058 ( 8.9%) |
| Median Home Value | $319,199 |
| Average Home Value | $358,518 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
10,663
Multi-Family
189
Businesses
539
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices