4116 Avenue T

Galveston, TX 77550
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5 bd, 3 ba | 2,782 sqft | Built in 1938

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For Sale

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List Price
$649,000

Initial Investment

$273,229
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$649,000

Down Payment

40%

Estimated daily rent & occupancy


$

 per day x 
 days
Estimated average rent per year
$53,550

Total Return

$121,237

Annualized Return

7.2%

Cap Rate

3.0%

Gross Yield

8.3%

Cash Flow

-$10,923

Appreciation

5.2%
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Features

Occupancy

Vacant

Lot Size

5,160

HOA

None

Flood Risk

Not Required

Investors dream or full-time residence, this completely remodeled and professionally decorated 5 bedroom 3 bath unique coastal beauty is located just one block from the beach. Completely furnished with brand new furniture and furnishings from Four Hands and Essentials of Living in Austin, TX. This property features 2 homes in one w/ separate access for each if needed. Hear the Gulf of Mexico and feel the southern breezes from the front porch or deck.Both levels offer bedroom/bath, kitchen, and open living-dining areas. Live in one and rent the other or a mother-in-law suite. Wood floors, custom wood cabinetry, SS appliances, quartz counters, Breakfast bar, spacious laundry/mud room, two car garage, outdoor shower & hot tub. Other Features include new washer/dryer, new light fixtures and hardware. Please see the attached documents that lists all improvements and furnishings with in the last several years. Low flood insurance.

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Ariana White
EXP Realty, LLC
TX Agent License #714146

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Annual Financial Highlights

Expected Rent

$53,550

Expenses

-$19,047

Property Taxes

-$17,200

Loan Payments

-$28,226

Net Cash Flow

-$10,923

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
Listing Courtesy of:Kimberly Gaido
Agent License 0630855
Sand N Sea Properties, LLC
Certified Agent Brokerage:Ariana White
EXP Realty, LLC
TX Brokerage License 603392
SourceHouston Association of REALTORS®
MLS #84526929
Last Updated: 11/23/2022 19:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.