9530 S 50 EGalvestonIN46932
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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 9530 S 50 E, Galveston, IN, 46932 uses $41,404 cash to close to unlock $2,623/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $968/mo, and a $611/mo payment keeps the spread at $219/mo. Purchase price stands at $124,900, and rental yield measures 9.3% with $968/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 136.62% and total cumulative return in cash records $56,566. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $968/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1890
1.30 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: Jordan R Moran • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507941
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.