423 Hana DrTiki IslandTX77554
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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 Tiki Island at 423 Hana Dr, Tiki Island, TX, 77554 offers $4,600/mo rent that, after a $4,738/mo payment. Total monthly income is $4,600/mo. Return on cash invested measures 11.46% in year one, and rental yield stands at 5.7% at a $968,000 entry. Equity gained on principal adds $6,246/yr while 5% annual appreciation compounds into $267,441 by year five. Five-year ROI records 58.7% and total cumulative return in cash reaches $186,949. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,600/mo property income versus a $4,738/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
4,464 sqft lot
$N/A/sqft
No 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: Debra Spurr • Grace Team Realty
Mls Name: HAR
Mls ID: #90226933