178 Norway Spruce St, Dripping Springs, TX, 78620 | 7.44% Rental Yield

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178 Norway Spruce St, Dripping Springs, TX, 78620 | 7.44% 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

Total monthly income runs $3,469/mo, and a $2,738/mo payment. Purchase price stands at $559,490, and rental yield measures 7.44% with $3,469/mo rent. Return on cash invested shows 16.74% in year one, and 5% annual appreciation builds toward $154,577 over five years. Five-year ROI reaches 87.03% and total cumulative return in cash records $160,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,469/mo property income covering a $2,738/mo payment rather than investor’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The Estonian floorplan invites you in from the moment you enter this 2,384 square foot home. This 2-story, open-concept home includes 3 bedrooms, 2 full bath, a study, a powder room, a covered patio, and a 2nd -story game room. Upgrade options for this home include a fireplace, an extended covered patio, 3-panel glass door slider, a bay window and deluxe bath for the owner's suite, a 4th bedroom in lieu of the study, and additional custom cabinets in the dining area. A private study and half bath are tucked in directly to the right of the foyer as you step in from the covered front porch. Close the French doors and a perfectly quiet home office is tucked away from the rest of the home. Need an extra bedroom? We offer the option of converting the study into that 4th bedroom and the powder room into a full bath. This option may be just right for the multi-generational family. Pass the stairs to the left and enter the common area. The beautiful open kitchen to the right is first and flows into the dining room. The kitchen includes granite counters, 42 custom cabinets, a large island, stainless steel appliances, and a roomy corner pantry. The dining area includes the option of adding custom cabinets for extra storage space by the windows. The laundry room is stationed off to the left of the dining room. Continue on from the dining area and into the spacious family room with volume ceilings. Large windows give a great vantage point to what is happeni...

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