7310 Seawall Blvd APT 303GalvestonTX77551
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow7310 Seawall Blvd APT 303, Galveston, TX, 77551 in Galveston carries a 1.92 coverage ratio, rent of $1,633/mo is 1.92 times the $850/mo payment. Rental yield 10.37%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $189,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $52,217; total projected cumulative return: $71,507.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 8.0% |
| Monthly Cash Flow | $(37) | $200 |
City averages based on Galveston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,633 |
| Total Monthly Debt Service | $1,595 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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
N/A lot
$N/A/sqft
$326 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
N/A lot
$N/A/sqft
$326 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
Listed by: Stephen Shepheard • RE/MAX Leading Edge
Mls Name: HAR
Mls Provider:
Mls ID: #81354655
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