185 Grayson Elm PassDripping 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 185 Grayson Elm Pass, Dripping Springs, TX, 78620 listed at $513,790 pairs $4,494/mo rent with a $2,515/mo payment to leave $840/mo cash flow. Total monthly income runs $4,494/mo, and annual cash flow reaches $10,081/yr on $169,037 cash to close. Return on cash invested measures 26.02% in year one, and rental yield registers 10.5% at a $513,790 basis. Equity gained on principal adds $3,315/yr, and annual property appreciation at 5% supports $141,951 by year five. Five-year ROI tracks 136.84% and total cumulative return in cash totals $231,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,494/mo property income relative to a $2,515/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
N/A 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: N/A • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A