217 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
Rental property for sale in Dripping Springs at 217 Grayson Elm Pass, Dripping Springs, TX, 78620 priced at $440,440 converts $2,994/mo rent into after a $2,156/mo obligation. Total monthly income equals $2,994/mo. Return on cash invested prints 18.77% in year one, and rental yield reads 8.16% against a $440,440 entry. Equity gained on principal adds $2,842/yr, while 5% annual appreciation compiles into $121,685 by year five. Five-year ROI reaches 97.96% and total cumulative return in cash sums $143,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,994/mo property income covering a $2,156/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,791 sqft 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: Patrick Easter • M/I Homes Realty
Mls Name: Unlock MLS
Mls ID: #3935634