6 Star Struck Ln · Laramie, WY 82070

$46,550

4 bd · 2.0 ba · 1,748 sqft · Manufactured · 325 Days on market

Built 1974 ↓ 5% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• Built 1974
• Listed 324 days

Property features AI

Exterior

• Home design: Residential mobile home; Zoned: Limited multifamily with individual manufactured homes
• Construction: Metal siding
• Exterior features: Metal roof; Therapeutic whirlpool

Interior

• Kitchen: Gas Range; Range; Oven; Dishwasher; Refrigerator
• Flooring: Hardwood
• Heating & cooling: Wood heating
• Interior features: Has heating; Wood heating; Has fireplace (1)
• Laundry & utility: Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $47k.

Deal economics

• At list price, monthly cash flow is $888 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $47k).
• Recommended offer: $41k (12.0% below list) — sets the bar for market timing.
• Cap rate 29.2% vs local median 2.3% in Laramie — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#23 in WY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, amenities A-; Watch: employment D+, commute F.
• Albany County School District #1 (town): math 51% / reading 59% proficiency, ranked #19 of 41 in WY (top 46%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.2%/yr); 275 active listings in the ZIP; 99 units permitted in Albany County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $322 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Albany County population projected at +39% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 325 days — a 12% lower offer ($41k) is reasonable based on typical stale-listing flexibility.

Recommended offer $40,964 (12.0% below list)

Questions for the listing agent

1. It's been on market 325 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.29% ✓
• Cap rate: 29.19%
• Cash-on-cash: 81.78%
• DSCR: 4.64
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.21% rent growth · sell at horizon

5-year hold

• IRR: 81.2%
• Equity multiple: 4.67×
• Total profit: $47,848
• Equity at exit: $6,941

10-year hold

• IRR: 84.3%
• Equity multiple: 9.42×
• Total profit: $109,731
• Equity at exit: $4,025

Cash invested: $13,034 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Wyoming: 90 Strongly Landlord-Friendly · R+25
• County: — inherits STATE
• City: — inherits STATE

3-day notice; strongly landlord-favorable; small market.

Methodology + full state rankings →

ZIP-level market 82070

• Rents YoY: 2.2%
• Active inventory: 275
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,532 medium
• Mortgage (P&I): −$244
• Tax est. 1.5%: −$58 /mo · $698/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $888

Break-even live

Break-even rent $407

Max offer price $46,550

Occupancy floor 37%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $11,638
• Closing costs: $1,396
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $46,550 Active 325 DOM
2. 2026-06-18
   days on market $46,550 Active 324 DOM
3. 2026-06-17
   days on market $46,550 Active 323 DOM
4. 2026-06-16
   days on market $46,550 Active 322 DOM
5. 2026-06-15
   days on market $46,550 Active 321 DOM
6. 2026-06-14
   days on market $46,550 Active 319 DOM
7. 2026-06-12
   days on market $46,550 Active 318 DOM
8. 2026-06-09
   days on market $46,550 Active 315 DOM
9. 2026-06-08
   days on market $46,550 Active 314 DOM
10. 2026-06-07
    days on market $46,550 Active 313 DOM
11. 2026-06-05
    days on market $46,550 Active 310 DOM
12. 2026-06-03
    days on market $46,550 Active 309 DOM
13. 2026-06-02
    days on market $46,550 Active 308 DOM
14. 2026-06-01
    days on market $46,550 Active 307 DOM
15. 2026-05-31
    days on market $46,550 Active 306 DOM
16. 2026-05-30
    days on market $46,550 Active 305 DOM
17. 2026-03-04
    price $46,550
18. 2025-07-24
    listed $49,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌡 Heat 1/10 Low
• 🫁 Air quality 6/10 Major 10 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,380
• − Mortgage interest: −$2,608
• − Property taxes: −$698
• − Insurance: −$233
• − Repairs & maintenance: −$1,470
• − Management: −$1,470
• − Depreciation: −$1,354
• Taxable income: $10,546
• Est. tax owed @ 24.0%: −$2,531
• After-tax cash flow: $8,128/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Albany County School District #1
• NCES district ID: 5600730
• Math proficiency: 51% ▼ -11.00%
• Reading proficiency: 59% ▼ -4.00%
• Median HH income: $43,169
• Composite: 46.25/100
• National rank: #2485
• State rank: #19 of 41 in WY

Livability — Laramie

• Score: 73/100
• State rank: #23
• US rank: #5539

Category grades

Amenities A- Commute F Cost of living A+ Crime A Employment D+ Housing B+ Health & safety B+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Albany County · 37,075 people
• City population: 37,075
• Metro: Laramie, WY
• Population (ZIP): 20,144
• Household income: $69,095
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 974.0

Population outlook (Albany County) Hauer SSP2

• Today (2025): 43,687 people
• By 2030: 46,862 · +7.3%
• By 2040: 53,248 · +21.9%
• By 2050: 60,547 · +38.6%
• By 2075: 82,326 · +88.4%
• By 2100: 102,008 · +133.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Two or more races 7% Asian 2% Native American 2% Black 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Portuguese 6% Slovak 4% Lithuanian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 90% English-only · Spanish 4% Russian/Polish/Slavic 2% Other Asian/Pacific 1%

Political lean MEDSL · Albany

• 2024 margin: Toss-up / Even · D 47.5% · R 50.6% · Other 1.9%
• 2008→2024 swing: -7.3pp toward R · 2008: 4.1pp · 2024: -3.2pp
• All cycles: 2024: R+3.2 2020: D+2.8 2016: R+4.3 2012: R+2.5 2008: D+4.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -396.34%
• Current HPI: 193.777
• Rent YoY: ▲ 2.21%
• Metro: Laramie, WY
• State GDP YoY: —
• F500 in state: 0

Price history

-5.0% since first listed

2 events — show timeline

• 2026-03-04 Price Changed $46,550 LBOR
• 2025-07-24 Listed $49,000 LBOR