6300 Seawall Blvd UNIT 9303GalvestonTX77551
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 6300 Seawall Blvd UNIT 9303, Galveston, TX, 77551 in Galveston achieves a 2.13 ratio at $154,900: $1,483/mo rent versus $697/mo debt service. Rental yield 11.49%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 11.49% yield compounds alongside 5% annual appreciation projecting $42,796 in value. Total projected cumulative return: $54,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 8.0% |
| Monthly Cash Flow | $(103) | $200 |
City averages based on Galveston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,483 |
| Total Monthly Debt Service | $1,525 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
474 Acres lot
$N/A/sqft
$430 monthly 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
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
Condo
Built in 1980
474 Acres lot
$N/A/sqft
$430 monthly 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