1022 Long Reach DrTiki IslandTX77554
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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 Tiki Island at 1022 Long Reach Dr, Tiki Island, TX, 77554 priced at $854,500 pairs $4,457/mo rent with after a $4,182/mo payment. Total monthly income equals $4,457/mo. Return on cash invested is 13.15% in year one, and rental yield stands at 6.26% on a $854,500 basis. Equity gained on principal adds $5,514/yr, and 5% annual appreciation accumulates to $236,083 by year five. Five-year ROI measures 67.77% and total cumulative return in cash reaches $190,530. For financing, Ziffy Mortgage’s DSCR program evaluates $4,457/mo property income against a $4,182/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77554, Galveston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 2,959 (26.7%) |
| Renter Occupied HU | 1,512 (13.7%) |
| Vacant Housing Units | 6,595 (59.6%) |
| Median Home Value | $500,114 |
| Average Home Value | $542,522 |
Housing Distribution
Address Breakdown
Residential
7,075
Single Family
5,318
Multi-Family
1,757
Businesses
295
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Listed by: Jasmine Tirpak • HomeSmart
Mls Name: HAR
Mls ID: #76393197