501 Cornell LnCheyenneWY82009
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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 Cheyenne at 501 Cornell Ln, Cheyenne, WY, 82009 priced at $405,000 pairs $2,929/mo rent with $626/mo cash flow after a $1,982/mo payment. Total monthly income equals $2,929/mo, and annual cash flow comes to $7,516/yr on $134,258 invested. Return on cash invested is 25.51% in year one, and rental yield stands at 8.68% on a $405,000 basis. Equity gained on principal adds $2,613/yr, and 5% annual appreciation accumulates to $111,894 by year five. Five-year ROI measures 132.22% and total cumulative return in cash reaches $177,518. For financing, Ziffy Mortgage’s DSCR program evaluates $2,929/mo property income against a $1,982/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
8,276 sqft lot
$N/A/sqft
No 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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Nearby investment properties with comparable prices
Listed by: Leah Woods • #1 Properties
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #97544
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 2025 Cheyenne MLS