Type: Two Single-Family Homes (4 Bed / 2 Bath each)

Size: 2,912 SqFt total Lot Size: 4,129 SqFt Year Built: 2021 Parking: Off-Street

Located in the heart of Galveston, this opportunity includes two newer 4-bed, 2-bath homes built in 2021. Both are elevated stilt builds for flood safety and feature newer HVAC and roof systems. Minimal work is needed to get rent-ready, making this an excellent long-term or short-term rental play near the beach.

Rehab Costs: $10,000 – $15,000 to rent-ready. The pink house needs interior paint and either new carpet or LVP on stairs; both decks need weather treatment.

ARV Estimate: $565,000 – $600,000 (based on 0.5-mile sold and active comps within ±10 % sq ft and ±15 yrs build range in past 9 months)

Seller Finance Terms: Purchase Price: $635,000 Down Payment: $70,000 + closing costs Seller Finance Note: $565,000 at 0 % interest Balloon Term: 72 months (6 years) Monthly Payment: $1,569.44 Balloon Payment (Month 73): $453,569.76

Financial Breakdown: Gross Rent: $2,200 per unit × 2 = $4,400 / mo Debt Service: $1,569.44 / mo Taxes: $862.25 / mo Insurance (Est): $350 / mo Net Monthly Income: $658.31 Net Annual Income: $7,899.72 Cash-on-Cash Return: 11.28 %

CALL OR EMAIL JOSEPH 602-584-1444 Joseph@dispoflo.com