116 Whiting StGalvestonTX77550
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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 116 Whiting St, Galveston, TX, 77550 with 5% annual appreciation on a $359,500 basis while $2,442/mo rent supports operations. 75% in year one. Equity gained on principal adds $2,320/yr, and five-year appreciation sums $99,323 alongside rental yield of 8.15%. Five-year ROI measures 97.87% and total cumulative return in cash totals $116,636. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,442/mo property income versus a $1,760/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
5,702 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77550, Galveston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,488 (100%) |
| Owner Occupied HU | 4,688 (30.3%) |
| Renter Occupied HU | 6,815 (44.0%) |
| Vacant Housing Units | 3,985 (25.7%) |
| Median Home Value | $342,409 |
| Average Home Value | $411,529 |
Housing Distribution
Address Breakdown
Residential
13,045
Single Family
9,541
Multi-Family
3,504
Businesses
1,145
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Listed by: Susanna Mayberry • RE/MAX Leading Edge
Mls Name: HAR
Mls Provider:
Mls ID: #73856018
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