300 S Evans StSaratogaIN47382
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 300 S Evans St, Saratoga, IN, 47382 in Saratoga is listed at $177,000 and delivers $1,318/mo in rent and $255/mo in net monthly cash flow. The 8.93% yield and 1.66 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $48,902 over five years, and $1,630/yr in principal reduction supplements cash return. Total projected cumulative return: $83,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 5.0% |
| Monthly Cash Flow | $255 | $200 |
City averages based on Saratoga market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,318 |
| Total Monthly Debt Service | $992 |
| DSCR Ratio | 1.33x |
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.
Single Family
Built in 1906
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47382, Saratoga, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 108 (100%) |
| Owner Occupied HU | 70 (64.8%) |
| Renter Occupied HU | 13 (12.0%) |
| Vacant Housing Units | 25 (23.1%) |
| Median Home Value | $165,789 |
| Average Home Value | $180,964 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
5
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
Single Family
Built in 1906
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47382, Saratoga, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 108 (100%) |
| Owner Occupied HU | 70 (64.8%) |
| Renter Occupied HU | 13 (12.0%) |
| Vacant Housing Units | 25 (23.1%) |
| Median Home Value | $165,789 |
| Average Home Value | $180,964 |
Housing Distribution
Address Breakdown
Residential
0
Single Family
0
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices