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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fishers at 8233 Katrina Way, Fishers, IN, 46038 offers $2,420/mo rent that, after a $1,713/mo payment. Total monthly income is $2,420/mo. Return on cash invested measures 19.4% in year one, and rental yield stands at 8.3% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 101.25% and total cumulative return in cash reaches $117,438. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,420/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2008
1,742 sqft lot
$N/A/sqft
$340 monthly HOA
Neighborhood data shown for ZIP Code: 46038, Fishers, IN area.
| 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 |
Residential
17,183
Single Family
15,385
Multi-Family
1,798
Businesses
1,622
Date | Event | Price |
|---|---|---|
| 2025-03-13 | Listed for sale | $349,900 |
| 2018-08-21 | Sold | $214,150 |
| 2018-08-13 | Pending sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-14 | $3244.86 | 15.52% | $300,800 | 2.42% |
| 2023-03-14 | $2809.00 | 16.97% | $293,700 | 22.99% |
| 2022-03-14 | $2401.50 | 5.55% | $238,800 | 15.70% |
Listed by: Shane Foley • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22026429
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-14 07:53:17 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
