23102 Verano 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 23102 Verano Dr, Galveston, TX, 77554 generates $2,906/mo in rent, after a $2,055/mo payment. Total monthly income is $2,906/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 8.3% on a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 100.39% and total cumulative return in cash sums $139,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,906/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
8,637 sqft lot
$N/A/sqft
No 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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