57 S Galeston AveIndianapolisIN46229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Indianapolis at 57 S Galeston Ave, Indianapolis, IN, 46229 uses $61,991 cash to close to unlock $12,825/yr annual cash flow and $1,069/mo monthly cash flow. Total monthly income runs $2,191/mo, and a $915/mo payment keeps the spread at $1,069/mo. Purchase price stands at $187,000, and rental yield measures 14.06% with $2,191/mo rent. Return on cash invested shows 40.6% in year one, and 5% annual appreciation builds toward $51,665 over five years. Five-year ROI reaches 213.55% and total cumulative return in cash records $132,378. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,191/mo property income covering a $915/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Green • CityPlace Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062425