1401 E Beach Dr UNIT 1205GalvestonTX77550
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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
Total monthly income runs $1,724/mo, and a $2,149/mo payment. Purchase price stands at $439,000, and rental yield measures 4.71% with $1,724/mo rent. Return on cash invested shows -2.72% in year one, and 5% annual appreciation builds toward $121,288 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,724/mo property income covering a $2,149/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$1,346 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: #73498204
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