1011 Oak Meadow DrDripping 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
Rental property for sale in Dripping Springs at 1011 Oak Meadow Dr, Dripping Springs, TX, 78620 generates $4,325/mo in rent, after a $6,211/mo payment. Total monthly income is $4,325/mo. Return on cash invested sits at 6.66% in year one, and rental yield is 4.09% on a $1,268,900 entry. Equity gained on principal adds $8,188/yr, while 5% annual appreciation builds toward $350,574 over five years. Five-year ROI reaches 32.91% and total cumulative return in cash sums $135,307. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,325/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
3.13 Acres lot
$N/A/sqft
No 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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Listed by: Amy Runyan • Mercer Street Group, LLC
Mls Name: Unlock MLS
Mls ID: #5355678