203 Cheyenne DrEvanstonWY82930
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 203 Cheyenne Dr, Evanston, WY, 82930 in Evanston: $1,873/mo in rent, $463/mo in net income, 9.84% gross yield, 1.81 DSCR, all at $230,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $63,545 in appreciation and $2,118/yr in principal paydown projects total cumulative return of $116,134.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 5.2% |
| Monthly Cash Flow | $463 | $850 |
City averages based on Evanston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,873 |
| Total Monthly Debt Service | $1,332 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1980
435.60 sqft lot
$N/A/sqft
$116 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82930, Evanston, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,336 (100%) |
| Owner Occupied HU | 3,852 (60.8%) |
| Renter Occupied HU | 1,699 (26.8%) |
| Vacant Housing Units | 785 (12.4%) |
| Median Home Value | $280,402 |
| Average Home Value | $327,905 |
Housing Distribution
Address Breakdown
Residential
5,340
Single Family
5,006
Multi-Family
334
Businesses
510
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
Townhouse
Built in 1980
435.60 sqft lot
$N/A/sqft
$116 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 82930, Evanston, WY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,336 (100%) |
| Owner Occupied HU | 3,852 (60.8%) |
| Renter Occupied HU | 1,699 (26.8%) |
| Vacant Housing Units | 785 (12.4%) |
| Median Home Value | $280,402 |
| Average Home Value | $327,905 |
Housing Distribution
Address Breakdown
Residential
5,340
Single Family
5,006
Multi-Family
334
Businesses
510
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Becci Fraughton • NextHome Realty Connection
Mls Name: WYOMLS
Mls Provider:
Mls ID: #20251725
Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.