424 15th St APT 105GalvestonTX77550
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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 424 15th St APT 105, Galveston, TX, 77550 listed at $192,900 pairs $1,946/mo rent with a $944/mo payment to leave $39/mo cash flow. Total monthly income runs $1,946/mo, and annual cash flow reaches $473/yr on $63,946 cash to close. Return on cash invested measures 20.65% in year one, and rental yield registers 12.11% at a $192,900 basis. Equity gained on principal adds $1,245/yr, and annual property appreciation at 5% supports $53,295 by year five. Five-year ROI tracks 111.71% and total cumulative return in cash totals $71,435. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,946/mo property income relative to a $944/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1969
919 sqft lot
$N/A/sqft
$535 monthly 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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