8694 Morgan DrFishersIN46038
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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
Investment Highlights
Rental property for sale in Fishers at 8694 Morgan Dr, Fishers, IN, 46038 generates $2,520/mo in rent, after a $4,600/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 7.95% in year one, and rental yield is 3.22% on a $939,900 entry. Equity gained on principal adds $6,065/yr, while 5% annual appreciation builds toward $259,677 over five years. Five-year ROI reaches 38.41% and total cumulative return in cash sums $118,787. 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 2025
3,920 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
17,183
Single Family
15,385
Multi-Family
1,798
Businesses
1,622
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