3431 Cove LnGalvestonTX77554
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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 3431 Cove Ln, Galveston, TX, 77554 with 5% annual appreciation on a $1,400,000 basis while $6,689/mo rent supports operations. 51% in year one. Equity gained on principal adds $9,034/yr, and five-year appreciation sums $386,794 alongside rental yield of 5.73%. Five-year ROI measures 59.01% and total cumulative return in cash totals $267,691. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,689/mo property income versus a $6,852/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
8,398 sqft lot
$N/A/sqft
$1,000 annually 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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Listed by: Marylouise Caravella • Caravella Coastal a division of The Real Estate Brokerage Co. LLC
Mls Name: HAR
Mls Provider:
Mls ID: #81085860
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