508 Falcon Ridge CtSheridanWY82801
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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 Sheridan at 508 Falcon Ridge Ct, Sheridan, WY, 82801 offers a 8.09% rental yield on a $498,000 purchase with $3,356/mo rent. Total monthly income registers $3,356/mo, and a $2,437/mo payment leaves $374/mo available for distribution. Annual cash flow reaches $4,482/yr on $165,087 to close, and return on cash invested stands at 22.62% in year one. Equity gained on principal adds $3,214/yr while 5% annual appreciation supports $137,588 over five years. Portfolio math shows five-year ROI at 117.14% and total cumulative return in cash at $193,384. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,356/mo property income against a $2,437/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
3,600 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82801, Sheridan, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,042 (100%) |
| Owner Occupied HU | 7,966 (61.1%) |
| Renter Occupied HU | 3,969 (30.4%) |
| Vacant Housing Units | 1,107 ( 8.5%) |
| Median Home Value | $394,533 |
| Average Home Value | $476,765 |
Housing Distribution
Address Breakdown
Residential
12,127
Single Family
11,766
Multi-Family
361
Businesses
1,542
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Listed by: Nicholas (Nic) L Bateson • Impact Properties, LLC
Mls Name: Sheridan County BOR
Mls Provider:
Mls ID: #24-612
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.