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$297,000

5811 Avenue R, Galveston, TX, 77551

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,701 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.01 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size6,403 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APN4385-0004-0007-000
Lot Number9
SubdivisionKinkead Addn
Land UseResidential
Legal DescriptionABST 121 HALL & JONES SUR LOTS 7,8 & W 2 FT OF LOT 9 & ADJ N 1/2 OF ALLEY BLK 4 W B KINKEADS ADDN
Census Tract725800
Assessed Land Value$100,640
Assessed Improvement Value$188,550
Assessment Year2025

About this property

MOVE-IN READY! Beautifully renovated home with tile flooring, new kitchen, baths, paint, A/C and heat, hot water heater, HUGE deck a pool-sized back yard. All new appliances, lighting and so much more. The garage has stairs to an unfinished storage area that would make great guest quarters or a studio apartment for extra income. Located just minutes from the beach, restaurants, and shopping.

Investor Tools

Property Icon
$297,000
Estimated Property Value
$332,500Estimated Mortgage Balance
$0Estimated Equity
-12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,949 /month
Positive
Cash Flow Estimate:
$650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,096
$289,190
2025
$100,640
$188,550
$289,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,096
$289,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$332,500
No
First
Nov 18, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$304,208
$5,792
1%
102%
$1,994/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Galveston

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5811 Avenue R | Property Details | No Agent List