Last confirmed active 17 days ago — it may be under contract or sold since. Check the official listing before you act. Verify on Zillow · Redfin · Realtor.com
1 / 6
15score
↓ $11,000
$198,900
MLS
Street view13255 Deception Pass
Fishers IN 46038 · Condo · built 2009
1 bd1 ba1,048 sqft$190/sqft vs ZIP $190 −0%
0.87 lender DSCR (est.)
Rent covers the estimated payment 0.87× · walk-away floor 1.20 · low confidence
How we compute this
Rent est. $1,396/mo (HUD fair-market rent) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
price cut 6%below assessed value
The underwriting
The numbers (estimates, illustrative)
$198,900List price
$1,396Rent estimate / mo
0.87Lender DSCR (est.)
$2,387Taxes / yr · assumed 1.2%
$190ZIP median $ / sqft
15/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,396 |
| − Mortgage (P&I) | −$1,043 |
| − Taxes | −$199 |
| − Insurance | −$83 |
| − HOA | −$278 |
| = Cash flow before vacancy & repairs | $-207 |
The numbers
- Price
- $198,900
- $ / sq ft
- $190 ZIP median $190
- Rent estimate
- $1,396/mo HUD fair-market rent
- Property taxes
- $2,387/yr assumed 1.2% of price
- PITIA (assumed)
- $1,603/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr, HOA $278/mo
- Lender DSCR (est.)
- 0.87 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 15/100 price cut 6% · below assessed value
The property
- Beds / baths
- 1 / 1
- Living area
- 1,048 sq ft
- Lot
- 1,307 sq ft
- Year built
- 2009
- Property type
- Condo
- HOA
- $278/mo
- Flood zone
- X
- Registered rental
- No
The listing
- Source
- Standard
- MLS #
- 22108394
- Listed
- Jun 16, 2026
- Days on market
- 111
- Listing agent
- Judy Shelton · F.C. Tucker Company - Noblesville
3177760200 · shelton5147@gmail.com - Price history
- First asked $209,900 · previously $209,900 cut $11,000
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All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.