2203 56th StGalvestonTX77551
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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 2203 56th St, Galveston, TX, 77551 generates $2,657/mo in rent and, after a $1,786/mo payment, leaves $62/mo in cash flow. Total monthly income is $2,657/mo, and annual cash flow is $743/yr on $120,998 invested. Return on cash invested sits at 20.52% in year one, and rental yield is 8.74% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 107.33% and total cumulative return in cash sums $129,871. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,657/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77551, Galveston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,786 (100%) |
| Owner Occupied HU | 4,136 (38.3%) |
| Renter Occupied HU | 4,914 (45.6%) |
| Vacant Housing Units | 1,736 (16.1%) |
| Median Home Value | $340,338 |
| Average Home Value | $396,421 |
Housing Distribution
Address Breakdown
Residential
10,270
Single Family
6,121
Multi-Family
4,149
Businesses
563
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Listed by: Anna Slaton • Stanfield Properties
Mls Name: HAR
Mls Provider:
Mls ID: #52305437
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