3616 Avenue LGalvestonTX77550
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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 3616 Avenue L, Galveston, TX, 77550 priced at $488,800 converts $1,403/mo rent into after a $2,392/mo obligation. Total monthly income equals $1,403/mo. Return on cash invested prints 3.98% in year one, and rental yield reads 3.44% against a $488,800 entry. Equity gained on principal adds $3,154/yr, while 5% annual appreciation compiles into $135,046 by year five. Five-year ROI reaches 18.87% and total cumulative return in cash sums $30,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,403/mo property income covering a $2,392/mo payment, not borrower’s personal income.
Single Family
Built in 1965
4,965 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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Listed by: Sherry Hickman Wray • Berkshire Hathaway Home Services
Mls Name: HAR
Mls Provider:
Mls ID: #40543964
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