3215 Avenue M 1/2GalvestonTX77550
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 3215 Avenue M 1/2, Galveston, TX, 77550 in Galveston speaks for itself: 14.04% gross on a $319,900 price, generating $3,742/mo in rent and $1,438/mo in net income after the $1,438/mo debt service. DSCR 2.60, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $17,251 stacks alongside $88,382 in projected five-year appreciation and $2,946/yr in principal reduction. Projected total cumulative return: $215,291.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 8.0% |
| Monthly Cash Flow | $1,438 | $200 |
City averages based on Galveston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,742 |
| Total Monthly Debt Service | $2,177 |
| DSCR Ratio | 1.72x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
5,140 sqft lot
$N/A/sqft
$350 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1962
5,140 sqft lot
$N/A/sqft
$350 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices