178 Grayson Elm Pass, Dripping Springs, TX, 78620 | 7.29% Rental Yield

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178 Grayson Elm Pass, Dripping Springs, TX, 78620 | 7.29% Rental Yield | Ziffy

For Sale

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 178 Grayson Elm Pass, Dripping Springs, TX, 78620 generates $3,058/mo in rent, after a $2,464/mo payment. Total monthly income is $3,058/mo. Return on cash invested sits at 16.28% in year one, and rental yield is 7.29% on a $503,392 entry. Equity gained on principal adds $3,248/yr, while 5% annual appreciation builds toward $139,078 over five years. Five-year ROI reaches 84.58% and total cumulative return in cash sums $140,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,058/mo property income rather than buyer’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Baltimore is a home dressed to impress. At 2,750 square feet, this exceptional 5-bedroom and 4-bathroom home has room for everyone. This home opens up a world of possibilities, whether it's for your beloved family, hosting guests, creating a home office space, or turning your dreams into reality. And let's not forget the fabulous upstairs game room, adding an extra layer of versatility and allowing you to personalize the space to perfectly suit your needs. Now, get ready to be inspired by the open-concept kitchen, the heart and soul of the Baltimore. You'll be drawn to the island that beckons to be gathered around. Well equipped with sleek stainless steel appliances and a roomy pantry, this kitchen is a true haven for culinary enthusiasts and foodies alike. The owner's suite is tucked away on the first floor, providing privacy and tranquility. Inside, an attached bathroom awaits, complete with a double vanity that promises to make your morning routines a breeze. We can't overlook the generously sized walk-in closet, offering more than enough space to accommodate a full wardrobe. If the Baltimore has sparked your interest, we're here to help you next steps towards calling it your dream home! Visualize Your New Home

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