508 W 2nd StCheyenneWY82007
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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 508 W 2nd St, Cheyenne, WY, 82007 earns $380/mo cash flow from $2,080/mo rent with a $1,463/mo payment. Total monthly income totals $2,080/mo, and annual cash flow totals $4,563/yr on $99,119 capital. ROI tracks 24.51% on current figures, and rental yield reads 8.35% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 126.9% and total cumulative return in cash sums $125,782. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,080/mo property income instead of your personal income.
Townhouse
Built in 2007
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82007, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,967 (100%) |
| Owner Occupied HU | 5,530 (55.5%) |
| Renter Occupied HU | 3,785 (38.0%) |
| Vacant Housing Units | 652 ( 6.5%) |
| Median Home Value | $278,983 |
| Average Home Value | $318,095 |
Housing Distribution
Address Breakdown
Residential
9,538
Single Family
9,282
Multi-Family
256
Businesses
502
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