1401 E Beach Dr #805/06GalvestonTX77550
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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 Galveston at 1401 E Beach Dr #805/06, Galveston, TX, 77550 generates $3,754/mo in rent, after a $3,994/mo payment. Total monthly income is $3,754/mo. Return on cash invested sits at -2.49% in year one, and rental yield is 5.52% on a $816,000 entry. Equity gained on principal adds $5,266/yr, while 5% annual appreciation builds toward $225,446 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,754/mo property income rather than buyer’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$2,996 monthly 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: Mary Ellis • Coldwell Banker TGRE
Mls Name: HAR
Mls Provider:
Mls ID: #87681884
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