808 Rhode Island AveRock SpringsWY82901
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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 Rock Springs at 808 Rhode Island Ave, Rock Springs, WY, 82901 offers a 7.87% rental yield on a $250,000 purchase with $1,639/mo rent. Total monthly income registers $1,639/mo, and a $1,224/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,605/yr on $82,875 to close, and return on cash invested stands at 23.05% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 119.09% and total cumulative return in cash at $98,698. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,639/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82901, Rock Springs, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,762 (100%) |
| Owner Occupied HU | 7,482 (58.6%) |
| Renter Occupied HU | 3,478 (27.3%) |
| Vacant Housing Units | 1,802 (14.1%) |
| Median Home Value | $277,530 |
| Average Home Value | $357,272 |
Housing Distribution
Address Breakdown
Residential
11,308
Single Family
11,186
Multi-Family
122
Businesses
877
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Listed by: Cindi Heinrich • HomeSmart Realty Group
Mls Name: WYOMLS
Mls ID: #20260097