694 Lancelot St LOT 56SheridanWY82801
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $599,750, 694 Lancelot St LOT 56, Sheridan, WY, 82801 in Sheridan generates $3,606/mo in rent (7.22% yield) but nets only $171/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.34) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $165,700. Total projected return: $237,226.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.8% |
| Monthly Cash Flow | $171 | $1,200 |
City averages based on Sheridan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,606 |
| Total Monthly Debt Service | $3,197 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
6,738 sqft lot
$N/A/sqft
$300 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
6,738 sqft lot
$N/A/sqft
$300 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew McFaul • eXp Realty, LLC
Mls Name: Sheridan County BOR
Mls Provider:
Mls ID: #24-523
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.