5023 Avenue LGalvestonTX77551
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5023 Avenue L, Galveston, TX, 77551 offers $2,191/mo rent that, after a $747/mo payment, leaves $1,095/mo cash flow. Total monthly income is $2,191/mo, and annual cash flow is $13,136/yr on $50,567 cash. Return on cash invested measures 45.89% in year one, and rental yield stands at 17.24% at a $152,540 entry. Equity gained on principal adds $984/yr while 5% annual appreciation compounds into $42,144 by year five. Five-year ROI records 243.48% and total cumulative return in cash reaches $123,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,191/mo property income versus a $747/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 77551, Galveston, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,786 (100%) |
| Owner Occupied HU | 4,136 (38.3%) |
| Renter Occupied HU | 4,914 (45.6%) |
| Vacant Housing Units | 1,736 (16.1%) |
| Median Home Value | $340,338 |
| Average Home Value | $396,421 |
Housing Distribution
Address Breakdown
Residential
10,270
Single Family
6,121
Multi-Family
4,149
Businesses
563
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices