690 Meridian StSheridanWY82801
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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 Sheridan at 690 Meridian St, Sheridan, WY, 82801 priced at $315,000 converts $1,739/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,739/mo. Return on cash invested prints 19.27% in year one, and rental yield reads 6.62% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 98.8% and total cumulative return in cash sums $103,169. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,739/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1910
6,995 sqft lot
$N/A/sqft
No 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: Kessner, Rader and Hattervig Real Estate Group • Coldwell Banker - The Legacy Group - Branch 2
Mls Name: Sheridan County BOR
Mls Provider:
Mls ID: #25-79
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.