Danford Plan · Cheyenne, WY 82009

$226,000

2 bd · 2.0 ba · 1,357 sqft · Townhouse · 239 Days on market

Poor condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +5.1/10.0
• Rent growth +4.2/5.0
• Livability +4.2/5.0
• Cash flow +1.8/30.0
• Condition / age +1.0/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Key facts

• Car wash bay
• In-home storage
• Guest suite

Tags

• GUEST SUITE
• GARDEN PLOTS
• UNDERGROUND HEATED PARKING
• CAR WASH BAY
• FULLY SECURE BUILDING
• IN-HOME STORAGE

🏗️ New construction. The $226,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $367,656.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $226k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
• To cash-flow at today's rent, offer at most $167k (26.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $146k (35.4% below list).
• Recommended offer: $146k (35.4% below list) — sets the bar for 1% rule.
• Cap rate 1.8% vs local median 3.4% in Cheyenne — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 83/100 on livability (#2 in WY, #947 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D.
• Laramie County School District #1 (urban): math 41% / reading 48% proficiency, ranked #33 of 41 in WY (top 80%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Anderson Elementary (math 57% / reading 67%, grade B, #30 of 151 statewide, top 26%, 327 students, 30% FRL); Carey Junior High School (math 43% / reading 50%, grade D+, #39 of 55 statewide, top 70%, 861 students, 38% FRL); East High School (math 43% / reading 43%, grade F, #46 of 75 statewide, top 61%, 1,513 students, 30% FRL) — zoned schools at 33% FRL track the district average.
• Market conditions: Rents rising fast (+6.7%/yr); 844 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 485 units permitted in Laramie County in 2024 (104 in 5+ unit buildings).
• This rent is only 17% of the median local income ($104k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Laramie County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 239 days — a 12% lower offer ($199k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,085 (35.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 239 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.40% ✗
• Cap rate: 1.77%
• Cash-on-cash: -16.16%
• DSCR: 0.28
• GRM: 21.0

CMA / ARV

• ARV (median comp): $367,656
• List price: $226,000
• Delta: -38.53%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5522 Townsend Pl Unit B	0.81mi	2/2.0	1,366 (+1%)	16mo	$285,000	$209	50
5520 Townsend Pl Unit B	0.82mi	2/2.0	1,366 (+1%)	17mo	$299,000	$219	50
5211 Fishing Brg	0.86mi	2/2.5	1,440 (+6%)	7mo	$265,000	$184	47
5412 Townsend Pl	0.80mi	3/2.0 (+1)	1,433 (+6%)	7mo	$297,000	$207	45
6005 Sycamore Rd	0.46mi	2/2.0	1,185 (-13%)	18mo	$325,000	$274	42
5211 Fawn Pass	0.87mi	3/2.5 (+1)	1,472 (+8%)	10mo	$265,000	$180	36
1843 Edgewater Ave	0.95mi	3/1.5 (+1)	1,302 (-4%)	19mo	$287,500	$221	36
1822 Bluegrass Cir	0.85mi	3/1.5 (+1)	1,280 (-6%)	18mo	$269,900	$211	33
1839 Bluegrass Cir	0.90mi	3/1.5 (+1)	1,243 (-8%)	14mo	$289,000	$233	32
5245 Fishing Brg	0.82mi	3/2.5 (+1)	1,587 (+17%)	2mo	$265,000	$167	32
5201 Fishing Brg	0.87mi	2/2.0	1,568 (+16%)	17mo	$270,000	$172	26
910 Whispering Hls	0.91mi	2/2.0	1,612 (+19%)	17mo	$410,000	$254	26

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.73% rent growth · sell at horizon

5-year hold

• IRR: -44.2%
• Equity multiple: -0.38×
• Total profit: $-142,187
• Equity at exit: $54,819

10-year hold

• IRR: -54.7%
• Equity multiple: -1.06×
• Total profit: $-212,246
• Equity at exit: $31,788

Cash invested: $102,944 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 18 active · 4 under contract
• Months of supply: 36.0 mo (3%/mo absorbed)
• Median asking: $230,000 ($168/sqft)
• Median days on market: 239 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +61.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 82009

• Rents YoY: 6.7%
• Active inventory: 844
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $1,461 medium
• Mortgage (P&I): −$1,928
• Tax est. 1.5%: −$460 /mo · $5,515/yr
• Insurance: −$153
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $-1,387

Break-even live

Break-even rent $3,216

Max offer price $166,996

Occupancy floor —

Sensitivity live

Price	-10% $-1,133	-5% $-1,260	+0% $-1,387	+5% $-1,514	+10% $-1,641
Rent	-10% $-1,502	-5% $-1,444	+0% $-1,387	+5% $-1,329	+10% $-1,271
Rate	-1.0pp $-1,202	-0.5pp $-1,293	base $-1,387	+0.5pp $-1,482	+1.0pp $-1,579

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: $91,914
• Closing costs: $11,030
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1825 Edgewater Ave Unit 1829 Cheyenne, WY	2.0	1.0	896	$1,250	$1.40	6d	1	0.95mi
5711 Education Dr Cheyenne, WY	1.0–2.0	1.0	819	$1,105	$1.35	6d	1	1.25mi
311 E 5th Ave Cheyenne, WY	2.0	2.0	1350	$1,695	$1.26	6d	1	1.34mi
108 Camelot Ct Unit 203 Cheyenne, WY	2.0	1.0	881	$1,049	$1.19	6d	1	1.38mi

Property features AI

Finance

• Financial info: List price $221,000

Exterior

• Home design: Single-family plan (Danford)
• Construction: Living area approximately 1,357 (plan)New construction
• Exterior features: Located near Powderhouse Road and Melton Street, Cheyenne, WY

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Plan named DanfordActive new construction plan

Listing history 50 events

1. 2026-09-24
   days on market $226,000 Active 239 DOM
2. 2026-09-24
   days on market $226,000 Active 238 DOM
3. 2026-09-22
   days on market $226,000 Active 237 DOM
4. 2026-09-20
   days on market $226,000 Active 235 DOM
5. 2026-09-18
   days on market $226,000 Active 233 DOM
6. 2026-09-17
   days on market $226,000 Active 232 DOM
7. 2026-09-16
   days on market $226,000 Active 231 DOM
8. 2026-09-16
   days on market $226,000 Active 230 DOM
9. 2026-09-14
   days on market $226,000 Active 229 DOM
10. 2026-09-13
    days on market $226,000 Active 228 DOM
11. 2026-09-12
    days on market $226,000 Active 227 DOM
12. 2026-09-11
    days on market $226,000 Active 226 DOM
13. 2026-09-05
    days on market $226,000 Active 220 DOM
14. 2026-09-04
    days on market $226,000 Active 219 DOM
15. 2026-09-03
    days on market $226,000 Active 218 DOM
16. 2026-09-02
    days on market $226,000 Active 217 DOM
17. 2026-08-30
    days on market $226,000 Active 214 DOM
18. 2026-08-29
    days on market $226,000 Active 213 DOM
19. 2026-08-28
    days on market $226,000 Active 212 DOM
20. 2026-08-27
    days on market $226,000 Active 211 DOM
21. 2026-08-26
    days on market $226,000 Active 210 DOM
22. 2026-08-25
    days on market $226,000 Active 209 DOM
23. 2026-08-24
    days on market $226,000 Active 208 DOM
24. 2026-08-23
    days on market $226,000 Active 207 DOM
25. 2026-08-22
    days on market $226,000 Active 206 DOM
26. 2026-08-21
    days on market $226,000 Active 205 DOM
27. 2026-08-20
    days on market $226,000 Active 204 DOM
28. 2026-08-19
    days on market $226,000 Active 203 DOM
29. 2026-08-18
    days on market $226,000 Active 202 DOM
30. 2026-08-17
    days on market $226,000 Active 201 DOM
31. 2026-08-16
    days on market $226,000 Active 200 DOM
32. 2026-08-15
    days on market $226,000 Active 199 DOM
33. 2026-08-14
    days on market $226,000 Active 198 DOM
34. 2026-08-13
    days on market $226,000 Active 197 DOM
35. 2026-08-12
    days on market $226,000 Active 196 DOM
36. 2026-08-11
    days on market $226,000 Active 195 DOM
37. 2026-08-10
    days on market $226,000 Active 194 DOM
38. 2026-08-09
    days on market $226,000 Active 193 DOM
39. 2026-08-08
    days on market $226,000 Active 192 DOM
40. 2026-08-07
    days on market $226,000 Active 191 DOM
41. 2026-08-06
    days on market $226,000 Active 190 DOM
42. 2026-08-05
    days on market $226,000 Active 189 DOM
43. 2026-08-04
    days on market $226,000 Active 188 DOM
44. 2026-08-03
    days on market $226,000 Active 187 DOM
45. 2026-08-01
    price $226,000 Active 184 DOM
46. 2026-07-31
    days on market $221,000 Active 184 DOM
47. 2026-07-30
    days on market $221,000 Active 183 DOM
48. 2026-07-29
    days on market $221,000 Active 182 DOM
49. 2026-07-27
    days on market $221,000 Active 180 DOM
50. 2026-07-25
    days on market $221,000 Active 178 DOM

ⓘ 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

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 2/10 Low 7 d/yr ≥88°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,530
• − Mortgage interest: −$20,594
• − Property taxes: −$5,515
• − Insurance: −$1,838
• − Repairs & maintenance: −$1,402
• − Management: −$1,402
• − Depreciation: −$10,695
• Taxable loss: −$23,918
• Est. tax savings @ 24.0%: +$5,740
• After-tax cash flow: $-10,900/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.

Condition & rehab AI · 2 photos

Poor 20/100 Extensive rehab Est. rehab $67,850–$122,130 screening

The property is in poor condition with significant structural and exterior issues. Extensive repairs and maintenance are required to bring it up to a livable standard and increase its value.

Repairs flagged

• Major roof — The satellite image shows signs of potential water damage or structural issues.
• Major exterior siding — The satellite image shows significant vegetation overgrowth and debris, indicating neglect.
• Major interior walls — The satellite image suggests a lack of maintenance, which could indicate issues with the interior walls.

Value-add opportunities

• Both Landscaping and debris removal — Improving the landscaping and removing debris would enhance both the resale and rental value by making the property more attractive. ↑
• Both Roof repair — A repaired roof would significantly increase the property's value by addressing a major structural issue. ↑
• Both Exterior siding repair — Repairing the exterior siding would improve the property's curb appeal and increase its value. ↑
• Both Interior wall repair and painting — Repairing and painting the interior walls would improve the property's condition and make it more attractive to potential buyers or renters. ↑

ⓘ Rehab cost is a screening estimate — Extensive scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 50/100

Zoned Schools

Elementary Anderson Elementary B WY #30/151 Nat'l #6,217/41,679 Middle Carey Junior High School D+ WY #39/55 Nat'l #4,335/14,009 High East High School F WY #46/75 Nat'l #7,439/17,239

Schools (NCES district)

• District: Laramie County School District #1
• NCES district ID: 5601980
• Math proficiency: 41% ▼ -2.00%
• Reading proficiency: 48% ▼ -2.00%
• Median HH income: $56,842
• Composite: 38.86/100
• National rank: #4103
• State rank: #33 of 41 in WY

A Composite livability gradescore 83/100

Livability — Cheyenne

• Score: 83/100
• State rank: #2
• US rank: #947

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Laramie County · 109,698 people
• City population: 94,953
• Metro: Cheyenne, WY
• Population (ZIP): 35,081
• Household income: $103,835
• Rent vs Own: 18.8% rent · 81.2% own
• Severe rent burden: 12% of renters

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Population outlook (Laramie County) Hauer SSP2

• Today (2025): 109,698 people
• By 2030: 115,710 · +5.5%
• By 2040: 127,191 · +15.9%
• By 2050: 138,476 · +26.2%
• By 2075: 168,653 · +53.7%
• By 2100: 188,739 · +72.1%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Hispanic / Latino 9% Two or more races 6% Asian 1% Black 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Portuguese 3% Slovak 3% Italian 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

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Political lean MEDSL · Laramie

• 2024 margin: Solid R (+32.4) · D 33.0% · R 65.4% · Other 1.6%
• 2008→2024 swing: -12.1pp toward R · 2008: -20.4pp · 2024: -32.4pp
• All cycles: 2024: R+32.4 2020: R+28.2 2016: R+33.2 2012: R+24.8 2008: R+20.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -339.39%
• Current HPI: 266.7583
• Rent YoY: ▲ 6.73%
• Metro: Cheyenne, WY
• State GDP YoY: —
• F500 in state: 0

Property features AI

Finance

• Financial info: List price $221,000

Exterior

• Home design: Single-family plan (Danford)
• Construction: Living area approximately 1,357 (plan)New construction
• Exterior features: Located near Powderhouse Road and Melton Street, Cheyenne, WY

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Interior features: Plan named DanfordActive new construction plan