609 Ridgeland StCheyenneWY82009
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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 609 Ridgeland St, Cheyenne, WY, 82009 uses $132,269 cash to close to unlock $6,613/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,820/mo, and a $1,953/mo payment keeps the spread at $551/mo. Purchase price stands at $399,000, and rental yield measures 8.48% with $2,820/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 129.03% and total cumulative return in cash records $170,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,820/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82009, Cheyenne, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,767 (100%) |
| Owner Occupied HU | 11,923 (75.6%) |
| Renter Occupied HU | 3,125 (19.8%) |
| Vacant Housing Units | 719 ( 4.6%) |
| Median Home Value | $461,931 |
| Average Home Value | $495,967 |
Housing Distribution
Address Breakdown
Residential
16,174
Single Family
15,384
Multi-Family
790
Businesses
718
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