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$384,900

For Sale - Active
9420 Seawall Blvd Unit 805, Galveston, TX 77554
2 Beds
2 Baths
893 Square Feet
0.02 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Jun 04, 2025 at 06:34AM

Investment Summary


Monthly Cash Flow
-$1,923
Cap Rate
-0.3%
Cash-on-Cash Return
-26.1%
Debt Coverage Ratio
-0.06
Internal Rate of Return (5 years)
-21.1%

Property Description


0.02 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Stunning Gulf views from this fully furnished, spacious 2-bedroom, 2-bath condo located in a gated Galveston community. This move-in ready, turn-key unit features a private balcony with both ocean and pool views, an open-concept living area, and modern coastal furnishings. The property includes 2 assigned parking spaces, access to 2 elevators, a lap-style swimming pool, and a fitness center that also overlooks the pool. Located just blocks from Galveston’s top attractions and a short drive to the Strand, dining, and beaches, this condo offers flexibility for permanent residence, second home, or investment rental. Pet-friendly and professionally maintained, this unit combines luxury, location, and lifestyle in one coastal package.

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Location


Property Details


Parking

  • Description: Assigned, ControlledEntrance, Garage, GarageDoorOpener
  • Details: Assigned
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Ocean Grove
  • HOA Fee: $836/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 547100000805000
  • Lot Size: 871 sqft

Property Information

  • Property Type: Condominium
  • Style: 1st Floor Entry
  • Year Built: 2006

Tax Information

  • Annual Tax: $6,094

Utilities

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Galveston

Listing Details


Listed by:
Sharon Jones
Blue Line Realty, LLC
(361) 331-1048

Source:
Unlock MLS (Austin Board of REALTORS)
MLS#: 9026937
Unlock MLS (Austin Board of REALTORS)

Investment Summary


Monthly Cash Flow
-$1,923
Cap Rate
-0.3%
Cash-on-Cash Return
-26.1%
Debt Coverage Ratio
-0.06
Internal Rate of Return (5 years)
-21.1%

Purchase Details

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Purchase price:
$384,900
Amount financed:
-$307,920
Down payment:
$76,980
Closing costs:
$11,547
Rehab costs:
$0
Initial cash invested:
$88,527
Square feet:
893
Cost per square foot:
$431
Monthly rent per square foot:
$2.02

Financing Details

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Loan amount:
$307,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,821
Property tax:
$508
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,455

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$508-$6,094
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (46%)
46%-$836-$10,032
Total operating expenses: (100%)
100%-$1,794-$21,526

Cash Flow


Monthly Yearly
Net operating income:
-$102 -$1,224
Mortgage payments:
-$1,821 -$21,852
Cash flow:
-$1,923 -$23,076