1024 47th StGalvestonTX77551
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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 1024 47th St, Galveston, TX, 77551 listed at $338,000 pairs $3,056/mo rent with a $1,654/mo payment to leave $653/mo cash flow. Total monthly income runs $3,056/mo, and annual cash flow reaches $7,833/yr on $112,047 cash to close. Return on cash invested measures 26.9% in year one, and rental yield registers 10.85% at a $338,000 basis. Equity gained on principal adds $2,181/yr, and annual property appreciation at 5% supports $93,383 by year five. Five-year ROI tracks 141.54% and total cumulative return in cash totals $158,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,056/mo property income relative to a $1,654/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
3,075 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77551, Galveston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,786 (100%) |
| Owner Occupied HU | 4,136 (38.3%) |
| Renter Occupied HU | 4,914 (45.6%) |
| Vacant Housing Units | 1,736 (16.1%) |
| Median Home Value | $340,338 |
| Average Home Value | $396,421 |
Housing Distribution
Address Breakdown
Residential
10,270
Single Family
6,121
Multi-Family
4,149
Businesses
563
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Listed by: Suzie Austin • Keller Williams Premier Realty
Mls Name: HAR
Mls Provider:
Mls ID: #76976081
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