420 E 23rd StCheyenneWY82001
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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
Investment property for sale in Cheyenne at 420 E 23rd St, Cheyenne, WY, 82001 uses $97,130 cash to close to unlock $1,992/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,832/mo, and a $1,434/mo payment keeps the spread at $166/mo. Purchase price stands at $293,000, and rental yield measures 7.5% with $1,832/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $80,951 over five years. Five-year ROI reaches 113.22% and total cumulative return in cash records $109,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,832/mo property income covering a $1,434/mo payment rather than investor’s personal income.
Multi Family
Built in 1916
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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