7201 Catboat Ct, Fishers, IN, 46038 | 6.87% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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7201 Catboat Ct, Fishers, IN, 46038 | 6.87% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Fishers at 7201 Catboat Ct, Fishers, IN, 46038 generates $2,520/mo in rent, after a $2,154/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 18.91% in year one, and rental yield is 6.87% on a $440,000 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 97.24% and total cumulative return in cash sums $141,838. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.

Single Family

Built in 2001

0.49 Acres lot

$N/A/sqft

No HOA

More details about the property

7201 Catboat Ct offers an exceptional ranch-style floorplan in the desirable Bluestone subdivision, ideally located at the end of a quiet cul-de-sac in the heart of Fishers. This well-designed home features gleaming hardwood floors, a sun-drenched family room with a cozy fireplace, and a flexible open layout with a formal dining room or office-complete with custom built-ins-to suit your needs. Ten-foot ceilings throughout add a spacious, airy feel, while the brick exterior and finished two-car garage provide timeless appeal and convenience. The large screened porch is perfect for relaxing or entertaining, and the floored attic with built-in shelving offers organized storage. Thoughtful updates include a new dishwasher, tankless gas water heater, new HVAC heat pump installed in 2023, and modern comforts like heated bidets. The location is hard to beat, just minutes from the Nickel Plate District, Fishers District dining and shopping, and events at the Nickel Plate Amphitheater. Outdoor recreation is close by with Ritchey Woods Nature Preserve and Holland Park offering trails and green space. Everyday errands are easy with local markets all within a short walk or quick drive, plus endless dining options from local favorites to well-known restaurants. Whether enjoying the warmth of the fireplace, entertaining on the screened porch, or taking advantage of the abundant shopping, dining, parks, and activities nearby, this home offers a winning combination of comfort, style, and location in one of Fishers' most sought-after neighborhoods. Seller to provide home warranty.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46038, Fishers, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,703 (100%)
Owner Occupied HU	11,695 (66.1%)
Renter Occupied HU	5,365 (30.3%)
Vacant Housing Units	643 ( 3.6%)
Median Home Value	$349,324
Average Home Value	$388,268