8311 N 700th Rd EEvanstonIN47531
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 8311 N 700th Rd E, Evanston, IN, 47531 in Evanston is a conservative rental investment at $599,900. Rental yield 6.24%. A 1.16 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $165,741; $5,525/yr in principal paydown supplements. Total projected return: $196,092.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.0% |
| Monthly Cash Flow | $(480) | $1,200 |
City averages based on Evanston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,121 |
| Total Monthly Debt Service | $3,362 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2011
23.60 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
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 2011
23.60 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
Listed by: Todd Schaus • PROPERTY EXPERTS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426155
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