58 16th St #1WheatlandWY82201
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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 Wheatland at 58 16th St #1, Wheatland, WY, 82201 generates $1,306/mo in rent, after a $1,126/mo payment. Total monthly income is $1,306/mo. Return on cash invested sits at 4.14% in year one, and rental yield is 6.81% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 23.32% and total cumulative return in cash sums $17,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,306/mo property income rather than buyer’s personal income.
Condo
Built in 2013
20,585 Acres lot
$N/A/sqft
$1,000 unit HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82201, Wheatland, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,335 (100%) |
| Owner Occupied HU | 2,057 (61.7%) |
| Renter Occupied HU | 745 (22.3%) |
| Vacant Housing Units | 533 (16.0%) |
| Median Home Value | $280,828 |
| Average Home Value | $350,272 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
421
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Listed by: Dana Olind • Olind Land and Real Estate
Mls Name: Cheyenne BOR
Mls Provider:
Mls ID: #93928
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