603 Mitchell St #L-5LaramieWY82072
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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 Laramie at 603 Mitchell St #L-5, Laramie, WY, 82072 offers $1,556/mo rent that, after a $1,069/mo payment, leaves $314/mo cash flow. Total monthly income is $1,556/mo, and annual cash flow is $3,768/yr on $72,433 cash. Return on cash invested measures 25.11% in year one, and rental yield stands at 8.55% at a $218,500 entry. Equity gained on principal adds $1,410/yr while 5% annual appreciation compounds into $60,368 by year five. Five-year ROI records 130.15% and total cumulative return in cash reaches $94,268. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,556/mo property income versus a $1,069/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
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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