218 Glass Mountains WayDripping 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 218 Glass Mountains Way, Dripping Springs, TX, 78620 priced at $410,000 converts $3,168/mo rent into $252/mo cash flow after a $2,007/mo obligation. Total monthly income equals $3,168/mo, and annual cash flow totals $3,026/yr on $135,915 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 9.27% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 116.01% and total cumulative return in cash sums $157,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,168/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 2022
5,096 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: Jordan O'Connell • Keller Williams Realty
Mls Name: Unlock MLS
Mls ID: #7947051