221 Diamond Point Dr, Dripping Springs, TX, 78620 | $141/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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221 Diamond Point Dr, Dripping Springs, TX, 78620 | $141/mo Cash Flow | 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

Investment property for sale in Dripping Springs at 221 Diamond Point Dr, Dripping Springs, TX, 78620 uses $124,313 cash to close to unlock $1,689/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,807/mo, and a $1,835/mo payment keeps the spread at $141/mo. Purchase price stands at $375,000, and rental yield measures 8.98% with $2,807/mo rent. Return on cash invested shows 21.27% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 111.33% and total cumulative return in cash records $138,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,807/mo property income covering a $1,835/mo payment rather than investor’s personal income.

Single Family

Built in 2017

3,441 sqft lot

$N/A/sqft

No HOA

More details about the property

Located close to the heart of Dripping Springs within Texas Heritage Village, this two-story Meritage home offers new carpet and paint, energy efficiency, and an unbeatable location. Built in 2017, the 1,992-square-foot layout features three bedrooms, two and a half baths, and two living areas, creating a functional and easy-flowing design. Downstairs, the open-concept main level connects the living, dining, and kitchen areas, perfect for entertaining or everyday living. All 3 bedrooms and 2 bathrooms are thoughtfully positioned upstairs along with the laundry room and a bonus room ideal for a play area or media space. The primary suite includes a full bath with large in shower and walk-in closet. Recent updates include new interior paint and carpet, making this home move in ready. The home has a rear-facing two-car garage with alley access, and an automatic sprinkler system for easy yard maintenance. Enjoy a low-maintenance lifestyle with a zero-lot-line yard and a location just two blocks from scenic trails that lead to Founders Park, HEB, and Downtown Dripping Springs where you can walk to fun events like Founder's Day, Christmas on Mercer and the Songwriter's Festival within minutes. With a low HOA fee, low tax rate, and access to top-rated Dripping Springs ISD schools, this property offers excellent value in one of the areas most walkable communities.

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