13 S Galeston AveIndianapolisIN46229
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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 Indianapolis at 13 S Galeston Ave, Indianapolis, IN, 46229 priced at $257,500 pairs $1,290/mo rent with after a $1,260/mo payment. Total monthly income equals $1,290/mo. Return on cash invested is 16.32% in year one, and rental yield stands at 6.01% on a $257,500 basis. Equity gained on principal adds $1,662/yr, and 5% annual appreciation accumulates to $71,143 by year five. Five-year ROI measures 83.35% and total cumulative return in cash reaches $71,149. For financing, Ziffy Mortgage’s DSCR program evaluates $1,290/mo property income against a $1,260/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46229, Indianapolis, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,954 (100%) |
| Owner Occupied HU | 6,415 (53.7%) |
| Renter Occupied HU | 4,840 (40.5%) |
| Vacant Housing Units | 699 ( 5.8%) |
| Median Home Value | $226,104 |
| Average Home Value | $283,888 |
Housing Distribution
Address Breakdown
Residential
11,928
Single Family
10,510
Multi-Family
1,418
Businesses
682
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Listed by: Channing Russell • Russell Real Estate, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22058608