4811 Sherman Blvd

Galveston, TX 77551
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3 bd, 2.1 ba | 2,556 sqft | Built in 1920

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For Sale

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List Price
$569,999

$29K

Initial Investment

$239,970
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$569,999

Down Payment

40%

Estimated daily rent & occupancy


$

 per day x 
 days
Estimated average rent per year
$49,842

Total Return

$184,417

Annualized Return

11.7%

Cap Rate

3.7%

Gross Yield

8.7%

Cash Flow

-$5,797

Appreciation

6.8%
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Features

Occupancy

Vacant

Lot Size

6,692

HOA

None

Flood Risk

Not Required

Pristine Denver Court home just a block from the beach, recent impact windows, large family room featuring parquet floors, formal living and dining rooms, updated kitchen with Quartz countertops and Saltillo tile flooring, Hardwood floors throughout the rest of the house, Zoned HVAC, cozy covered porch overlooking the tropically landscaped backyard with numerous fruit trees (key lime, plantains, figs, bananas, and a bay tree). Favorable flood zone.

See more in Analysis
Ariana White
EXP Realty, LLC
TX Agent License #714146

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Annual Financial Highlights

Expected Rent

$49,842

Expenses

-$17,549

Property Taxes

-$13,300

Loan Payments

-$24,791

Net Cash Flow

-$5,797

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:Gary Schero
Agent License 0404475
BHGRE Gary GreeneGalveston In Town
Certified Agent Brokerage:Ariana White
EXP Realty, LLC
TX Brokerage License 603392
SourceHouston Association of REALTORS®
MLS #50133564
Last Updated: 11/20/2022 08:11
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.