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
2123 E 18TH ST Cheyenne, WY Welcome to this beautifully updated 3-bedroom, 2-bathroom home situated on a spacious corn...	3 beds \| 2 baths \| N/A	$350,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 3.6% Airbnb Rental Income: $1299 Traditional Rental Income: $1745 Airbnb ROI: 1.01% Traditional ROI: 3.6%
619 GARDENIA DR Cheyenne, WY Located in North Cheyenne! Charming brick home on a spacious corner lot! Features 3 main-l...	5 beds \| 3 baths \| N/A	$415,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 6.99% Airbnb Rental Income: $1466 Traditional Rental Income: $3294 Airbnb ROI: 1.17% Traditional ROI: 6.99%
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: 1.08% Traditional cash on cash: 5.59% Airbnb Rental Income: $1466 Traditional Rental Income: $2605 Airbnb ROI: 1.08% Traditional ROI: 5.59%
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	$435,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 6.39% Airbnb Rental Income: $1286 Traditional Rental Income: $3380 Airbnb ROI: 0.26% Traditional ROI: 6.39%
5001 PHOENIX DR Cheyenne, WY Welcome to 5001 Phoenix Drive, a 4-bedroom, 3-bathroom home in Cheyenne with thoughtful up...	4 beds \| 3 baths \| N/A	$427,000	Airbnb cash on cash: 0.37% Traditional cash on cash: 4.88% Airbnb Rental Income: $1286 Traditional Rental Income: $2686 Airbnb ROI: 0.37% Traditional ROI: 4.88%
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: 0.33% Traditional cash on cash: 6.26% Airbnb Rental Income: $1286 Traditional Rental Income: $3449 Airbnb ROI: 0.33% Traditional ROI: 6.26%
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	$219,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 3.58% Airbnb Rental Income: $924 Traditional Rental Income: $1109 Airbnb ROI: 1.03% Traditional ROI: 3.58%
3908 CAMPFIRE TRAIL Cheyenne, WY This is the one you've been waiting for! A gorgeous 3 bed, 3 bath packed with all the righ...	3 beds \| 3 baths \| N/A	$422,500	Airbnb cash on cash: 0.63% Traditional cash on cash: 3.65% Airbnb Rental Income: $1299 Traditional Rental Income: $2089 Airbnb ROI: 0.63% Traditional ROI: 3.65%
5246 DANIELLE CT Cheyenne, WY Tucked away at the end of a cul-de-sac, this charming 1.5-story home offers space and comf...	3 beds \| 4 baths \| N/A	$415,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 5.4% Airbnb Rental Income: $1299 Traditional Rental Income: $2784 Airbnb ROI: 0.53% Traditional ROI: 5.4%
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	$299,000	Airbnb cash on cash: 0.22% Traditional cash on cash: 4.22% Airbnb Rental Income: $924 Traditional Rental Income: $1707 Airbnb ROI: 0.22% Traditional ROI: 4.22%
402 APRICOT ST Cheyenne, WY Turnkey Investment Opportunity with Active Lease in Place! Excellent opportunity to own a ...	3 beds \| 2 baths \| N/A	$392,000	Airbnb cash on cash: 0.48% Traditional cash on cash: 3.23% Airbnb Rental Income: $1299 Traditional Rental Income: $1906 Airbnb ROI: 0.48% Traditional ROI: 3.23%
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	$499,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 2.59% Airbnb Rental Income: $1299 Traditional Rental Income: $2067 Airbnb ROI: 0.08% Traditional ROI: 2.59%
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	$885,000	Airbnb cash on cash: -0.31% Traditional cash on cash: 1.6% Airbnb Rental Income: $1466 Traditional Rental Income: $2608 Airbnb ROI: -0.31% Traditional ROI: 1.6%
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	$214,500	Airbnb cash on cash: 1.52% Traditional cash on cash: 10.15% Airbnb Rental Income: $1299 Traditional Rental Income: $2649 Airbnb ROI: 1.52% Traditional ROI: 10.15%
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: -0.21% Traditional cash on cash: 2.83% Airbnb Rental Income: $1466 Traditional Rental Income: $3260 Airbnb ROI: -0.21% Traditional ROI: 2.83%
3456 Road 212 Cheyenne, WY Discover an unparalleled opportunity with this remarkable 460.78-acre development property...	2 beds \| 4 baths \| N/A	$2,900,000	Airbnb cash on cash: -0.91% Traditional cash on cash: -0.07% Airbnb Rental Income: $924 Traditional Rental Income: $2864 Airbnb ROI: -0.91% Traditional ROI: -0.07%
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: -0.2% Traditional cash on cash: 3.33% Airbnb Rental Income: $1286 Traditional Rental Income: $3041 Airbnb ROI: -0.2% 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: 1.47% Traditional cash on cash: 4.5% Airbnb Rental Income: $924 Traditional Rental Income: $1142 Airbnb ROI: 1.47% 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: 0.92% Traditional cash on cash: 3.01% Airbnb Rental Income: $1299 Traditional Rental Income: $1581 Airbnb ROI: 0.92% Traditional ROI: 3.01%
1472 SCENIC RIDGE DR Cheyenne, WY Lender Incentive may be available!! Custom-built home on 10 acres, which includes the adja...	5 beds \| 5 baths \| N/A	$1,065,000	Airbnb cash on cash: -0.52% Traditional cash on cash: 2.88% Airbnb Rental Income: $1466 Traditional Rental Income: $4407 Airbnb ROI: -0.52% Traditional ROI: 2.88%
4500 CARMEL DR Cheyenne, WY Step inside this beautifully updated home where comfort meets style, nestled in one of Che...	4 beds \| 2 baths \| N/A	$385,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 3.2% Airbnb Rental Income: $1286 Traditional Rental Income: $1756 Airbnb ROI: 0.79% Traditional ROI: 3.2%
910 E 17TH ST Cheyenne, WY 5 bedroom, 2 bathroom, brick home. Hardwood floors on the main level. Cozy sitting room ...	5 beds \| 2 baths \| N/A	$365,000	Airbnb cash on cash: 1% Traditional cash on cash: 4.5% Airbnb Rental Income: $1466 Traditional Rental Income: $2233 Airbnb ROI: 1% Traditional ROI: 4.5%
3603 STOREY BLVD Cheyenne, WY GARAGE AND CARPORT ON OVERSIZED CITY LOT WITH WELL & SEPTIC!!! Get ready to kick back and ...	4 beds \| 2 baths \| N/A	$414,999	Airbnb cash on cash: 0.64% Traditional cash on cash: 4.03% Airbnb Rental Income: $1286 Traditional Rental Income: $2204 Airbnb ROI: 0.64% Traditional ROI: 4.03%
3922 E 6TH ST Cheyenne, WY This beautiful 2 story home has been completed remodeled from top to bottom! Features incl...	5 beds \| 3 baths \| N/A	$387,000	Airbnb cash on cash: 1.04% Traditional cash on cash: 4.18% Airbnb Rental Income: $1466 Traditional Rental Income: $2172 Airbnb ROI: 1.04% Traditional ROI: 4.18%
5021 SAGEBRUSH AVE Cheyenne, WY Charming and well-maintained 4 bedroom, 2bath brick home with a perfect blend of classic c...	4 beds \| 2 baths \| N/A	$364,995	Airbnb cash on cash: 0.81% Traditional cash on cash: 3.35% Airbnb Rental Income: $1286 Traditional Rental Income: $1751 Airbnb ROI: 0.81% Traditional ROI: 3.35%
721 ARAPAHO ST Cheyenne, WY Welcome to 721 Arapaho st. This awesome home boasts over a total of 2400 sq ft. Offering 5...	5 beds \| 2 baths \| N/A	$390,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.63% Airbnb Rental Income: $1466 Traditional Rental Income: $1987 Airbnb ROI: 1.02% Traditional ROI: 3.63%

Real Estate investment in Cheyenne, WY

There are 109 properties for sale in the city of Cheyenne . The median list price in Cheyenne is $385,000 and the average price per square foot is $171. In September 2025, the average monthly cash on cash return in Cheyenne is 4.00%. The average monthly rental income in Cheyenne is $2,006.

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

There are 109 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 $2,006.

Your search for investment property begins and ends here

Investment Property for Sale in Cheyenne, WY

2123 E 18TH ST

Cheyenne, WY

3 beds | 2 baths | N/A

$350,000

Airbnb cash on cash: 1.01%

Traditional cash on cash: 3.6%

Airbnb Rental Income: $1299

Traditional Rental Income: $1745

Airbnb ROI: 1.01%

Traditional ROI: 3.6%

619 GARDENIA DR

Cheyenne, WY

5 beds | 3 baths | N/A

$415,000

Airbnb cash on cash: 1.17%

Traditional cash on cash: 6.99%

Airbnb Rental Income: $1466

Traditional Rental Income: $3294

Airbnb ROI: 1.17%

Traditional ROI: 6.99%

6909 BOMAR DR

Cheyenne, WY

5 beds | 2 baths | N/A

$372,000

Airbnb cash on cash: 1.08%

Traditional cash on cash: 5.59%

Airbnb Rental Income: $1466

Traditional Rental Income: $2605

Airbnb ROI: 1.08%

Traditional ROI: 5.59%

4429 EL CAMINO DR

Cheyenne, WY

4 beds | 4 baths | N/A

$435,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 6.39%

Airbnb Rental Income: $1286

Traditional Rental Income: $3380

Airbnb ROI: 0.26%

Traditional ROI: 6.39%

5001 PHOENIX DR

Cheyenne, WY

4 beds | 3 baths | N/A

$427,000

Airbnb cash on cash: 0.37%

Traditional cash on cash: 4.88%

Airbnb Rental Income: $1286

Traditional Rental Income: $2686

Airbnb ROI: 0.37%

Traditional ROI: 4.88%

1210 CONCERTO LN

Cheyenne, WY

4 beds | 4 baths | N/A

$463,000

Airbnb cash on cash: 0.33%

Traditional cash on cash: 6.26%

Airbnb Rental Income: $1286

Traditional Rental Income: $3449

Airbnb ROI: 0.33%

Traditional ROI: 6.26%

620 W 25TH ST

Cheyenne, WY

2 beds | 1 baths | N/A

$219,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 3.58%

Airbnb Rental Income: $924

Traditional Rental Income: $1109

Airbnb ROI: 1.03%

Traditional ROI: 3.58%

3908 CAMPFIRE TRAIL

Cheyenne, WY

3 beds | 3 baths | N/A

$422,500

Airbnb cash on cash: 0.63%

Traditional cash on cash: 3.65%

Airbnb Rental Income: $1299

Traditional Rental Income: $2089

Airbnb ROI: 0.63%