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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Dripping Springs at 201 Bishop Wood Rd, Dripping Springs, TX, 78620 priced at $619,990 converts $3,188/mo rent into after a $3,035/mo obligation. Total monthly income equals $3,188/mo. Return on cash invested prints 12.58% in year one, and rental yield reads 6.17% against a $619,990 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation compiles into $171,292 by year five. Five-year ROI reaches 64.84% and total cumulative return in cash sums $132,264. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,188/mo property income covering a $3,035/mo payment, not borrower’s personal income.
Single Family
Built in 2025
6,272 sqft lot
$N/A/sqft
$600 annually HOA
Neighborhood data shown for ZIP Code: 78620, Dripping Springs, TX area.
| 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 |
Residential
9,828
Single Family
9,513
Multi-Family
315
Businesses
999
Date | Event | Price |
|---|---|---|
| 2025-10-15 | Listed for sale | $619,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Patrick Easter • M/I Homes Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #5915287
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-12-18 04:59:26 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)
