1623 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
Rental property for sale in Galveston at 1623 Bay Pointe Dr, Galveston, TX, 77554 offers $5,984/mo rent that, after a $3,059/mo payment, leaves $1,506/mo cash flow. Total monthly income is $5,984/mo, and annual cash flow is $18,075/yr on $205,625 cash. Return on cash invested measures 28.85% in year one, and rental yield stands at 11.49% at a $625,000 entry. Equity gained on principal adds $4,033/yr while 5% annual appreciation compounds into $172,676 by year five. Five-year ROI records 152.06% and total cumulative return in cash reaches $312,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,984/mo property income versus a $3,059/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
5,593 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: #36420291
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