3651 Foremast 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 3651 Foremast Dr, Galveston, TX, 77554 priced at $649,000 pairs $4,664/mo rent with $37/mo cash flow after a $3,177/mo payment. Total monthly income equals $4,664/mo, and annual cash flow comes to $444/yr on $213,521 invested. Return on cash invested is 20.27% in year one, and rental yield stands at 8.62% on a $649,000 basis. Equity gained on principal adds $4,188/yr, and 5% annual appreciation accumulates to $179,307 by year five. Five-year ROI measures 105.97% and total cumulative return in cash reaches $226,260. For financing, Ziffy Mortgage’s DSCR program evaluates $4,664/mo property income against a $3,177/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
8,698 sqft lot
$N/A/sqft
$137 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: Lynn Winget • Better Homes and Gardens Real Estate Gary Greene - Galveston West End
Mls Name: HAR
Mls Provider:
Mls ID: #68465392
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