403 Cascade AveNewcastleWY82701
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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 Newcastle at 403 Cascade Ave, Newcastle, WY, 82701 priced at $230,000 converts $2,107/mo rent into $799/mo cash flow after a $1,126/mo obligation. Total monthly income equals $2,107/mo, and annual cash flow totals $9,587/yr on $76,245 invested. Return on cash invested prints 32.48% in year one, and rental yield reads 10.99% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 169.61% and total cumulative return in cash sums $129,319. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,107/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1954
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82701, Newcastle, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,569 (100%) |
| Owner Occupied HU | 1,637 (63.7%) |
| Renter Occupied HU | 481 (18.7%) |
| Vacant Housing Units | 451 (17.6%) |
| Median Home Value | $248,875 |
| Average Home Value | $303,603 |
Housing Distribution
Address Breakdown
Residential
2,167
Single Family
2,144
Multi-Family
23
Businesses
291
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