1619 Bay Pointe DrGalvestonTX77554
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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 1619 Bay Pointe Dr, Galveston, TX, 77554 offers a 10.9% rental yield on a $650,000 purchase with $5,906/mo rent. Total monthly income registers $5,906/mo, and a $3,181/mo payment leaves $1,251/mo available for distribution. Annual cash flow reaches $15,010/yr on $213,850 to close, and return on cash invested stands at 27.08% in year one. Equity gained on principal adds $4,194/yr while 5% annual appreciation supports $179,583 over five years. Portfolio math shows five-year ROI at 142.54% and total cumulative return in cash at $304,826. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,906/mo property income against a $3,181/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,954 sqft lot
$N/A/sqft
$400 annually 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: Ozzie Ramirez • AEA Realty, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #15273320
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