716 Mitchell StLaramieWY82072
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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 716 Mitchell St, Laramie, WY, 82072 priced at $448,000 converts $2,614/mo rent into $34/mo cash flow after a $2,193/mo obligation. Total monthly income equals $2,614/mo, and annual cash flow totals $406/yr on $148,512 invested. Return on cash invested prints 20.18% in year one, and rental yield reads 7% against a $448,000 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation compiles into $123,774 by year five. Five-year ROI reaches 103.73% and total cumulative return in cash sums $154,058. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,614/mo property income covering a $2,193/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,712 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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