15973 N Fulda Shortcut RdEvanstonIN47531
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Evanston at 15973 N Fulda Shortcut Rd, Evanston, IN, 47531 uses $54,698 cash to close to unlock $3,241/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $1,261/mo, and a $808/mo payment keeps the spread at $270/mo. Purchase price stands at $165,000, and rental yield measures 9.17% with $1,261/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 134.46% and total cumulative return in cash records $73,547. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,261/mo property income covering a $808/mo payment rather than investor’s personal income.
Manufactured
Built in 1995
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47531, Evanston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 455 (100%) |
| Owner Occupied HU | 368 (80.9%) |
| Renter Occupied HU | 44 ( 9.7%) |
| Vacant Housing Units | 43 ( 9.5%) |
| Median Home Value | $267,647 |
| Average Home Value | $308,757 |
Housing Distribution
Address Breakdown
Residential
421
Single Family
421
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices