160 Palmillas Dr, Dripping Springs, TX, 78620 | $4,884/mo Cash Flow

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160 Palmillas Dr, Dripping Springs, TX, 78620 | $4,884/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Dripping Springs at 160 Palmillas Dr, Dripping Springs, TX, 78620 priced at $629,500 converts $9,360/mo rent into $4,884/mo cash flow after a $3,081/mo obligation. Total monthly income equals $9,360/mo, and annual cash flow totals $58,603/yr on $207,106 invested. Return on cash invested prints 48.36% in year one, and rental yield reads 17.84% against a $629,500 entry. Equity gained on principal adds $4,062/yr, while 5% annual appreciation compiles into $173,919 by year five. Five-year ROI reaches 256.59% and total cumulative return in cash sums $531,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,360/mo property income covering a $3,081/mo payment, not borrower’s personal income.

Single Family

Built in 2021

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 160 Palmillas Dr, a beautifully designed 2,785 sq ft two story home built in 2021, located in the desirable Arrowhead Ranch community in Dripping Springs, TX. This home features high ceilings throughout and a trayed ceiling in the great room, creating an airy, expansive atmosphere. The open-concept layout seamlessly connects the kitchen, breakfast area, and living space, ideal for gatherings and everyday living. Located within Dripping Springs ISD, one of the most sought-after school districts in Central Texas, this home combines suburban comfort with Hill Country charm. Arrowhead Ranch is a gated, master-planned community offering amenities like a community pool, trails, and park space, all surrounded by scenic views and mature oak trees. Enjoy the convenience of being minutes from Belterra Village, H-E-B, Home Depot, and popular local spots like Jester King Brewery, Twisted X Brewing, and Treaty Oak Distillery. Outdoor enthusiasts will love the easy access to Hamilton Pool Preserve, Reimers Ranch Park, and Pedernales Falls State Parkall within a 30-minute drive. Low quarterly HOA dues, and proximity to Hwy 290, this home offers a perfect balance of privacy, convenience, and value. Whether you're commuting to Austin or working from home, you'll appreciate the peaceful surroundings, community atmosphere, and thoughtful design of this home. Dont miss your chance to live in one of Dripping Springs most well-located neighborhoods.

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