3610 Mitote 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 3610 Mitote Dr, Galveston, TX, 77554 offers $5,816/mo rent that, after a $3,622/mo payment, leaves $523/mo cash flow. Total monthly income is $5,816/mo, and annual cash flow is $6,282/yr on $243,460 cash. Return on cash invested measures 22.64% in year one, and rental yield stands at 9.43% at a $739,999 entry. Equity gained on principal adds $4,775/yr while 5% annual appreciation compounds into $204,448 by year five. Five-year ROI records 118.73% and total cumulative return in cash reaches $289,066. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,816/mo property income versus a $3,622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
1.55 Acres lot
$N/A/sqft
$362 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: Kimberly Gaido • Sand N Sea Properties, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #16426382
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