1323 Wahini StTiki 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 1323 Wahini St, Tiki Island, TX, 77554 priced at $765,000 converts $5,197/mo rent into after a $3,744/mo obligation. Total monthly income equals $5,197/mo. Return on cash invested prints 18.9% in year one, and rental yield reads 8.15% against a $765,000 entry. Equity gained on principal adds $4,936/yr, while 5% annual appreciation compiles into $211,355 by year five. Five-year ROI reaches 98.64% and total cumulative return in cash sums $248,267. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,197/mo property income covering a $3,744/mo payment, not borrower’s personal income.
Single Family
Built in 2002
4,965 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: Rodolfo Ortega • Real Broker, LLC
Mls Name: HAR
Mls ID: #68671198