1005 Westland Ridge RdDripping SpringsTX78620
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Dripping Springs at 1005 Westland Ridge Rd, Dripping Springs, TX, 78620 uses $177,430 cash to close to unlock $2,671/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $4,061/mo, and a $2,640/mo payment keeps the spread at $223/mo. Purchase price stands at $539,300, and rental yield measures 9.04% with $4,061/mo rent. Return on cash invested shows 21.57% in year one, and 5% annual appreciation builds toward $148,999 over five years. Five-year ROI reaches 112.92% and total cumulative return in cash records $200,362. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,061/mo property income covering a $2,640/mo payment rather than investor’s personal income.
Single Family
Built in 1985
1.52 Acres lot
$N/A/sqft
$3 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78620, Dripping Springs, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,147 (100%) |
| Owner Occupied HU | 8,366 (82.4%) |
| Renter Occupied HU | 1,041 (10.3%) |
| Vacant Housing Units | 740 ( 7.3%) |
| Median Home Value | $735,904 |
| Average Home Value | $830,505 |
Housing Distribution
Address Breakdown
Residential
9,828
Single Family
9,513
Multi-Family
315
Businesses
999
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