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Updated almost 8 years ago,
Cheyenne, WY. - Anyone know this market?
Hello, BP cohorts!
I posted a similar request on the Wyoming board but haven't received a response in several weeks so I thought I'd pop in here for advice.
I live in northern Colorado but have been looking in Cheyenne, WY for my next SFR or Townhouse purchase as investment/rental. From what research I've done the Cap Rate and cash flow seem much better than Colorado...however, what I have yet to be able to find is solid information on what condition the market of Cheyenne is in. I understand basic stats; average rent, homes on market, etc, but I'm looking for real on-the-ground thoughts on how solid Cheyenne is for investing in property. Rental vacancy rates, appreciation, is the city too dependent on energy with too much risk of vacancy if markets crash. Etc.
Is there anyone out in BP land who can offer any thoughts, experience or opinions on Cheyenne, WY?
Greatly appreciated.
~Mike