507 Mitchell St #J-6LaramieWY82072
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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 Laramie at 507 Mitchell St #J-6, Laramie, WY, 82072 earns $660/mo cash flow from $1,939/mo rent with a $1,101/mo payment. Total monthly income totals $1,939/mo, and annual cash flow totals $7,918/yr on $74,588 capital. ROI tracks 30.53% on current figures, and rental yield reads 10.34% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 159.11% and total cumulative return in cash sums $118,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,939/mo property income instead of your personal income.
Condo
Built in 2007
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82072, Laramie, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 2,951 (36.2%) |
| Renter Occupied HU | 4,386 (53.8%) |
| Vacant Housing Units | 821 (10.1%) |
| Median Home Value | $370,016 |
| Average Home Value | $379,794 |
Housing Distribution
Address Breakdown
Residential
7,488
Single Family
6,939
Multi-Family
549
Businesses
288
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