2618 Pine 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 2618 Pine St, Galveston, TX, 77551 generates $3,406/mo in rent and, after a $1,810/mo payment, leaves $636/mo in cash flow. Total monthly income is $3,406/mo, and annual cash flow is $7,630/yr on $122,622 invested. Return on cash invested sits at 26.13% in year one, and rental yield is 11.05% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash sums $169,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,406/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
6,599 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: Lawrence Wester III • RE/MAX Leading Edge
Mls Name: HAR
Mls Provider:
Mls ID: #45071162
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