Real Estate Investment Properties for Sale in Cheyenne, WY

Looking for investment property in Cheyenne, WY with high ROI ?

Explore a variety of short-term homes & houses in Cheyenne, WY. Invest wisely with VRBO & Cheyenne, WY Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Cheyenne, WY

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
3117 DOUGLAS ST Cheyenne, WY Beautiful ranch style brick home with a convenient location and has the added benefit of C...	4 beds \| 2 baths \| N/A	$460,000	Airbnb cash on cash: 0.57% Traditional cash on cash: 3.07% Airbnb Rental Income: $1450 Traditional Rental Income: $2097 Airbnb ROI: 0.57% Traditional ROI: 3.07%
6909 BOMAR DR Cheyenne, WY Welcome to 6909 Bomar Dr â Updated & Move-In Ready! Located on Cheyenneâs desirable no...	5 beds \| 2 baths \| N/A	$372,000	Airbnb cash on cash: 1.4% Traditional cash on cash: 5.59% Airbnb Rental Income: $1600 Traditional Rental Income: $2605 Airbnb ROI: 1.4% Traditional ROI: 5.59%
4016 SADDLE RIDGE TR Cheyenne, WY This is an exceptionally maintained home with 2 master suites. Itâs hard to impress a re...	4 beds \| 4 baths \| N/A	$415,000	Airbnb cash on cash: 0.95% Traditional cash on cash: 6.96% Airbnb Rental Income: $1450 Traditional Rental Income: $3357 Airbnb ROI: 0.95% Traditional ROI: 6.96%
4429 EL CAMINO DR Cheyenne, WY The home features 4 bedroom and 4 bathrooms, an updated kitchen with quartz countertops an...	4 beds \| 4 baths \| N/A	$449,950	Airbnb cash on cash: 0.54% Traditional cash on cash: 6.15% Airbnb Rental Income: $1450 Traditional Rental Income: $3380 Airbnb ROI: 0.54% Traditional ROI: 6.15%
5001 PHOENIX DR Cheyenne, WY Welcome to 5001 Phoenix Dr â Updated, Spacious, and Move-In Ready! This 4-bedroom, 3-bat...	4 beds \| 3 baths \| N/A	$430,000	Airbnb cash on cash: 0.7% Traditional cash on cash: 4.84% Airbnb Rental Income: $1450 Traditional Rental Income: $2686 Airbnb ROI: 0.7% Traditional ROI: 4.84%
1210 CONCERTO LN Cheyenne, WY Offering $5000 towards buyers closing cost and prepaids! A beautiful Quad-Level Home in Ha...	4 beds \| 4 baths \| N/A	$463,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 6.26% Airbnb Rental Income: $1450 Traditional Rental Income: $3449 Airbnb ROI: 0.65% Traditional ROI: 6.26%
3946 E 6TH ST Cheyenne, WY Welcome to this charming ranch-style home! Offering four bedrooms and two full bathrooms, ...	4 beds \| 2 baths \| N/A	$340,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 4.95% Airbnb Rental Income: $1450 Traditional Rental Income: $2165 Airbnb ROI: 1.36% Traditional ROI: 4.95%
212 E 25TH ST Cheyenne, WY Step into timeless charm and modern convenience with this beautifully restored 2-unit 1901...	N/A beds \| 2 baths \| N/A	$472,000	Airbnb cash on cash: 0.75% Traditional cash on cash: 0.55% Airbnb Rental Income: $1450 Traditional Rental Income: $932 Airbnb ROI: 0.75% Traditional ROI: 0.55%
128 MEDICINE BOW Cheyenne, WY Welcome to 128 Medicine Bow Ave. Featuring spacious interiors, smart upgrades, and outdoor...	3 beds \| 3 baths \| N/A	$385,000	Airbnb cash on cash: 1% Traditional cash on cash: 5.51% Airbnb Rental Income: $1454 Traditional Rental Income: $2654 Airbnb ROI: 1% Traditional ROI: 5.51%
3078 HOMESTEAD AVE Cheyenne, WY All one level living! Charming, updated, and full of character! This thoughtfully refreshe...	3 beds \| 1 baths \| N/A	$285,000	Airbnb cash on cash: 2% Traditional cash on cash: 3.14% Airbnb Rental Income: $1454 Traditional Rental Income: $1328 Airbnb ROI: 2% Traditional ROI: 3.14%
620 W 25TH ST Cheyenne, WY This house comes with a REDUCED RATE as low as 5.625% (APR 5.96%) as of 08/07/2025 through...	2 beds \| 1 baths \| N/A	$224,000	Airbnb cash on cash: 2% Traditional cash on cash: 3.48% Airbnb Rental Income: $1183 Traditional Rental Income: $1109 Airbnb ROI: 2% Traditional ROI: 3.48%
3935 MCCOMB AVE Cheyenne, WY Beautiful updated brick home located in the desirable Avenues neighborhood near CFD, Lions...	3 beds \| 3 baths \| N/A	$462,800	Airbnb cash on cash: 0.54% Traditional cash on cash: 3.69% Airbnb Rental Income: $1454 Traditional Rental Income: $2386 Airbnb ROI: 0.54% Traditional ROI: 3.69%
302 ABBY RD Cheyenne, WY 302 Abby Road in the heart of Cheyenne, WY, this charming 1200 sq ft townhome offers the p...	2 beds \| 2 baths \| N/A	$300,000	Airbnb cash on cash: 0.98% Traditional cash on cash: 4.2% Airbnb Rental Income: $1183 Traditional Rental Income: $1707 Airbnb ROI: 0.98% Traditional ROI: 4.2%
2411 E 12TH ST Cheyenne, WY This cute little bungalow features 2 bedrooms on the main level and a great primary ensuit...	3 beds \| 2 baths \| N/A	$289,000	Airbnb cash on cash: 2.04% Traditional cash on cash: 3.97% Airbnb Rental Income: $1454 Traditional Rental Income: $1549 Airbnb ROI: 2.04% Traditional ROI: 3.97%
1241 RABBIT BRUSH TRL Cheyenne, WY 1241 Rabbit Brush is a beautiful home crafted in 2021 by the esteemed New Peak Constructio...	3 beds \| 2 baths \| N/A	$510,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 2.5% Airbnb Rental Income: $1454 Traditional Rental Income: $2067 Airbnb ROI: 0.31% Traditional ROI: 2.5%
2553 WILDHORSE TRL Cheyenne, WY LIFE IN MUSTANG RIDGE! This fully remodeled brick residence is situated on 1.50 acres in t...	5 beds \| 4 baths \| N/A	$899,000	Airbnb cash on cash: -0.19% Traditional cash on cash: 1.56% Airbnb Rental Income: $1600 Traditional Rental Income: $2608 Airbnb ROI: -0.19% Traditional ROI: 1.56%
511 W 6TH ST Cheyenne, WY Motivated seller excited to introduce you to a beautiful (and affordable) home! Havens Hom...	3 beds \| 1 baths \| N/A	$215,000	Airbnb cash on cash: 2.15% Traditional cash on cash: 10.13% Airbnb Rental Income: $1454 Traditional Rental Income: $2649 Airbnb ROI: 2.15% Traditional ROI: 10.13%
12611 GLENCOE DR Cheyenne, WY No Covenants - Freedom to Live Your Way! This beautifully refurbished 5-bedroom, 4-bath ho...	5 beds \| 4 baths \| N/A	$785,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 2.83% Airbnb Rental Income: $1600 Traditional Rental Income: $3260 Airbnb ROI: -0.06% Traditional ROI: 2.83%
8720 COWPOKE RD Cheyenne, WY Take advantage of a rare opportunity: this home comes with the option of an assumable loan...	4 beds \| 3 baths \| N/A	$655,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 3.33% Airbnb Rental Income: $1450 Traditional Rental Income: $3041 Airbnb ROI: 0.02% Traditional ROI: 3.33%
517 W 6TH ST Cheyenne, WY Motivated seller excited to introduce you to a beautiful (and affordable) home! Havens Hom...	2 beds \| 1 baths \| N/A	$195,000	Airbnb cash on cash: 2.64% Traditional cash on cash: 4.5% Airbnb Rental Income: $1183 Traditional Rental Income: $1142 Airbnb ROI: 2.64% Traditional ROI: 4.5%
819 MAXWELL AVE Cheyenne, WY Unique property situated on a spacious .20 acre corner lot, offering incredible versatilit...	3 beds \| 1 baths \| N/A	$350,000	Airbnb cash on cash: 1.32% Traditional cash on cash: 3.01% Airbnb Rental Income: $1454 Traditional Rental Income: $1581 Airbnb ROI: 1.32% Traditional ROI: 3.01%
7108 VOLAR DR Cheyenne, WY Modern Comfort Meets Classic Charm in North Cheyenne! Nestled in a quiet, sought-after ne...	5 beds \| 3 baths \| N/A	$441,000	Airbnb cash on cash: 0.67% Traditional cash on cash: 4.95% Airbnb Rental Income: $1600 Traditional Rental Income: $2914 Airbnb ROI: 0.67% Traditional ROI: 4.95%
1472 SCENIC RIDGE DR Cheyenne, WY Welcome to this stunning, like-new custom-built home, situated on approximately 10 acres (...	5 beds \| 5 baths \| N/A	$1,065,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 2.88% Airbnb Rental Income: $1600 Traditional Rental Income: $4407 Airbnb ROI: -0.41% Traditional ROI: 2.88%
404 MAXWELL AVE Cheyenne, WY Welcome to a delightful blend of character and comfort! This beautifully maintained 2-bed...	2 beds \| 1 baths \| N/A	$264,950	Airbnb cash on cash: 1.06% Traditional cash on cash: 4.19% Airbnb Rental Income: $1183 Traditional Rental Income: $1578 Airbnb ROI: 1.06% Traditional ROI: 4.19%
1131 CONCERTO LN Cheyenne, WY 2.75% ASSUMABLE FHA LOAN! Stunning home located in Harmony Meadows subdivision! This ranch...	5 beds \| 2 baths \| N/A	$419,900	Airbnb cash on cash: 0.88% Traditional cash on cash: 3.25% Airbnb Rental Income: $1600 Traditional Rental Income: $2077 Airbnb ROI: 0.88% Traditional ROI: 3.25%
1010 E 8TH ST Cheyenne, WY First time home buyers, investors don't miss this property. All one level living with tons...	3 beds \| 1 baths \| N/A	$250,000	Airbnb cash on cash: 2.32% Traditional cash on cash: 2.12% Airbnb Rental Income: $1454 Traditional Rental Income: $976 Airbnb ROI: 2.32% Traditional ROI: 2.12%

Real Estate investment in Cheyenne, WY

There are 118 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $375,000 and the average price per square foot is $148. In September 2025, the average monthly cash on cash return in Cheyenne is 4.00%. The average monthly rental income in Cheyenne is $1,908.

Cheyenne, WY Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 118 investment properties available for sale in Cheyenne.

In 2025, the best neighborhood to buy investment property is Cheyenne.

The ROI for Long-Term is higher than the Short-Term in Cheyenne with average rental income of $1,908.

Your search for investment property begins and ends here

Investment Property for Sale in Cheyenne, WY

3117 DOUGLAS ST

Cheyenne, WY

4 beds | 2 baths | N/A

$460,000

Airbnb cash on cash: 0.57%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $1450

Traditional Rental Income: $2097

Airbnb ROI: 0.57%

Traditional ROI: 3.07%

6909 BOMAR DR

Cheyenne, WY

5 beds | 2 baths | N/A

$372,000

Airbnb cash on cash: 1.4%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $1600

Traditional Rental Income: $2605

Airbnb ROI: 1.4%

Traditional ROI: 5.59%

4016 SADDLE RIDGE TR

Cheyenne, WY

4 beds | 4 baths | N/A

$415,000

Airbnb cash on cash: 0.95%

Traditional cash on cash: 6.96%

Airbnb Rental Income: $1450

Traditional Rental Income: $3357

Airbnb ROI: 0.95%

Traditional ROI: 6.96%

4429 EL CAMINO DR

Cheyenne, WY

4 beds | 4 baths | N/A

$449,950

Airbnb cash on cash: 0.54%

Traditional cash on cash: 6.15%

Airbnb Rental Income: $1450

Traditional Rental Income: $3380

Airbnb ROI: 0.54%

Traditional ROI: 6.15%

5001 PHOENIX DR

Cheyenne, WY

4 beds | 3 baths | N/A

$430,000

Airbnb cash on cash: 0.7%

Traditional cash on cash: 4.84%

Airbnb Rental Income: $1450

Traditional Rental Income: $2686

Airbnb ROI: 0.7%

Traditional ROI: 4.84%

1210 CONCERTO LN

Cheyenne, WY

4 beds | 4 baths | N/A

$463,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $1450

Traditional Rental Income: $3449

Airbnb ROI: 0.65%

Traditional ROI: 6.26%

3946 E 6TH ST

Cheyenne, WY

4 beds | 2 baths | N/A

$340,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 4.95%

Airbnb Rental Income: $1450

Traditional Rental Income: $2165

Airbnb ROI: 1.36%

Traditional ROI: 4.95%

212 E 25TH ST

Cheyenne, WY

N/A beds | 2 baths | N/A

$472,000

Airbnb cash on cash: 0.75%

Traditional cash on cash: 0.55%

Airbnb Rental Income: $1450

Traditional Rental Income: $932

Airbnb ROI: 0.75%