2424 38th StGalvestonTX77550
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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 2424 38th St, Galveston, TX, 77550 uses $138,899 cash to close to unlock $15,771/yr annual cash flow and $1,314/mo monthly cash flow. Total monthly income runs $4,294/mo, and a $2,051/mo payment keeps the spread at $1,314/mo. Purchase price stands at $419,000, and rental yield measures 12.3% with $4,294/mo rent. Return on cash invested shows 31.26% in year one, and 5% annual appreciation builds toward $115,762 over five years. Five-year ROI reaches 164.96% and total cumulative return in cash records $229,121. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,294/mo property income covering a $2,051/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
3,354 sqft lot
$N/A/sqft
No 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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