4702 Hickory PlCheyenneWY82009
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
Rental property for sale in Cheyenne at 4702 Hickory Pl, Cheyenne, WY, 82009 priced at $219,999 converts $1,558/mo rent into $242/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,558/mo, and annual cash flow totals $2,902/yr on $72,930 invested. Return on cash invested prints 23.89% in year one, and rental yield reads 8.5% against a $219,999 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 123.91% and total cumulative return in cash sums $90,371. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,558/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Condo
Built in 1974
435.60 sqft lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82009, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 11,923 (75.6%) |
| Renter Occupied HU | 3,125 (19.8%) |
| Vacant Housing Units | 719 ( 4.6%) |
| Median Home Value | $461,931 |
| Average Home Value | $495,967 |
Housing Distribution
Address Breakdown
Residential
16,174
Single Family
15,384
Multi-Family
790
Businesses
718
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Listed by: Colton Carlson • Coldwell Banker, The Property Exchange
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #95046
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed accurate by the Cheyenne MLS. Copyright 2024 Cheyenne MLS