140 W Griffith StGalvestonIN46932
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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 140 W Griffith St, Galveston, IN, 46932 uses $49,725 cash to close to unlock $2,985/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,149/mo, and a $734/mo payment keeps the spread at $249/mo. Purchase price stands at $150,000, and rental yield measures 9.19% with $1,149/mo rent. Return on cash invested shows 25.91% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash records $67,038. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,149/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 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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