6317 Heards LnGalvestonTX77551
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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 6317 Heards Ln, Galveston, TX, 77551 priced at $259,500 pairs $3,259/mo rent with $1,414/mo cash flow after a $1,270/mo payment. Total monthly income equals $3,259/mo, and annual cash flow comes to $16,965/yr on $86,024 invested. Return on cash invested is 39.63% in year one, and rental yield stands at 15.07% on a $259,500 basis. Equity gained on principal adds $1,675/yr, and 5% annual appreciation accumulates to $71,695 by year five. Five-year ROI measures 209.81% and total cumulative return in cash reaches $180,485. For financing, Ziffy Mortgage’s DSCR program evaluates $3,259/mo property income against a $1,270/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
5,614 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
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Listed by: Veronica Rademacher • KSP
Mls Name: HAR
Mls Provider:
Mls ID: #24920053
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