1 / 6
16score
New Construction
$234,900
MLS
Street view13 S Galeston Ave
Indianapolis IN 46229 · Single Family · built 2025
3 bd2 ba1,280 sqft$184/sqft vs ZIP $139 +32%
1.11 lender DSCR (est.)
Rent covers the estimated payment 1.11× · walk-away floor 1.20 · medium confidence
How we compute this
Rent est. $1,730/mo (ZIP + bedroom comps) ÷ estimated monthly payment: 75% LTV, ~7.5% rate, 30‑yr term, insurance ~0.5%/yr, taxes assumed at 1.2% of price. Assumptions as of 2026-09-12.
registered rental
The underwriting
The numbers (estimates, illustrative)
$234,900List price
$1,730Rent estimate / mo
1.11Lender DSCR (est.)
$2,819Taxes / yr · assumed 1.2%
$139ZIP median $ / sqft
16/100Deal Score
Monthly picture (illustrative)
| Rent est. | $1,730 |
| − Mortgage (P&I) | −$1,232 |
| − Taxes | −$235 |
| − Insurance | −$98 |
| = Cash flow before vacancy & repairs | $165 |
The numbers
- Price
- $234,900
- $ / sq ft
- $184 ZIP median $139
- Rent estimate
- $1,730/mo ZIP + bedroom comps
- Property taxes
- $2,819/yr assumed 1.2% of price
- PITIA (assumed)
- $1,565/mo 75% LTV at ~7.5% over 30 yr, taxes, insurance 0.5%/yr
- Lender DSCR (est.)
- 1.11 rent ÷ PITIA · lender floor 1.20
- Deal Score
- 16/100 registered rental
The property
- Beds / baths
- 3 / 2
- Living area
- 1,280 sq ft
- Lot
- 6,534 sq ft
- Year built
- 2025
- Property type
- Single Family
- HOA
- None on record
- Flood zone
- None (Zone X)
- Registered rental
- Yes — registered with the city
The listing
- Source
- New Construction
- MLS #
- 22058608
- Listed
- Aug 24, 2025
- Days on market
- 419
- Listing agent
- Channing Russell · Russell Real Estate, LLC
3179024291 · crussel1@sbcglobal.net - Price history
- First asked $234,900
Keep looking
Similar deals nearby
Ask Triad about this deal
Want a second opinion, a walkthrough, or an offer strategy?
We buy in Indianapolis ourselves. Tell us what you're thinking and our team replies within one business day. Free, no obligation.
All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.