11348 S Us Highway 35GalvestonIN46932
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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
Investment property for sale in Galveston at 11348 S Us Highway 35, Galveston, IN, 46932 offers a 8.95% rental yield on a $278,500 purchase with $2,076/mo rent. Total monthly income registers $2,076/mo, and a $1,363/mo payment leaves $404/mo available for distribution. Annual cash flow reaches $4,852/yr on $92,323 to close, and return on cash invested stands at 25.16% in year one. Equity gained on principal adds $1,797/yr while 5% annual appreciation supports $76,944 over five years. Portfolio math shows five-year ROI at 130.82% and total cumulative return in cash at $120,774. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,076/mo property income against a $1,363/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46932, Galveston, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,465 (100%) |
| Owner Occupied HU | 1,163 (79.4%) |
| Renter Occupied HU | 206 (14.1%) |
| Vacant Housing Units | 96 ( 6.6%) |
| Median Home Value | $181,312 |
| Average Home Value | $220,765 |
Housing Distribution
Address Breakdown
Residential
1,064
Single Family
1,064
Multi-Family
0
Businesses
48
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Listed by: Martin L Lewellen • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434713
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.