6102 Seawall Blvd #294GalvestonTX77551
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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 6102 Seawall Blvd #294, Galveston, TX, 77551 generates $925/mo in rent and, after a $563/mo payment, leaves $107/mo in cash flow. Total monthly income is $925/mo, and annual cash flow is $1,285/yr on $38,123 invested. Return on cash invested sits at 23.28% in year one, and rental yield is 9.65% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 122.25% and total cumulative return in cash sums $46,605. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $925/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
462 Acres 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
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