4015 Reeves 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
Investment property for sale in Galveston at 4015 Reeves Dr, Galveston, TX, 77554 offers a 8.67% rental yield on a $300,000 purchase with $2,167/mo rent. Total monthly income registers $2,167/mo, and a $1,468/mo payment leaves $19/mo available for distribution. Annual cash flow reaches $233/yr on $99,450 to close, and return on cash invested stands at 20.14% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 105.4% and total cumulative return in cash at $104,820. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,167/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
6,268 sqft lot
$N/A/sqft
$175 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: Linda Landrum • RE/MAX Leading Edge
Mls Name: HAR
Mls Provider:
Mls ID: #29021628
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