407 S 24th StLaramieWY82070
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
Investment Highlights
Investment property for sale in Laramie at 407 S 24th St, Laramie, WY, 82070 uses $132,600 cash to close to unlock $3,064/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $2,530/mo, and a $1,958/mo payment keeps the spread at $255/mo. Purchase price stands at $400,000, and rental yield measures 7.59% with $2,530/mo rent. Return on cash invested shows 22.22% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash records $151,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,530/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82070, Laramie, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,954 (100%) |
| Owner Occupied HU | 4,484 (45.0%) |
| Renter Occupied HU | 4,264 (42.8%) |
| Vacant Housing Units | 1,206 (12.1%) |
| Median Home Value | $365,125 |
| Average Home Value | $400,393 |
Housing Distribution
Address Breakdown
Residential
9,152
Single Family
8,788
Multi-Family
364
Businesses
766
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices