820 Bit AveNewcastleWY82701
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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 Newcastle at 820 Bit Ave, Newcastle, WY, 82701 offers $1,598/mo rent that, after a $1,561/mo payment. Total monthly income is $1,598/mo. Return on cash invested measures 17.46% in year one, and rental yield stands at 6.01% at a $319,000 entry. Equity gained on principal adds $2,058/yr while 5% annual appreciation compounds into $88,134 by year five. Five-year ROI records 89.09% and total cumulative return in cash reaches $94,213. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,598/mo property income versus a $1,561/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82701, Newcastle, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,569 (100%) |
| Owner Occupied HU | 1,637 (63.7%) |
| Renter Occupied HU | 481 (18.7%) |
| Vacant Housing Units | 451 (17.6%) |
| Median Home Value | $248,875 |
| Average Home Value | $303,603 |
Housing Distribution
Address Breakdown
Residential
2,167
Single Family
2,144
Multi-Family
23
Businesses
291
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Nearby investment properties with comparable prices
Listed by: Julie Domina • Keller Williams Realty Black Hills RC
Mls Name: Mount Rushmore Area AOR
Mls Provider:
Mls ID: #78686
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