229 Kings Canyon DrDripping 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 229 Kings Canyon Dr, Dripping Springs, TX, 78620 priced at $509,888 pairs $3,059/mo rent with after a $2,496/mo payment. Total monthly income equals $3,059/mo. Return on cash invested is 16% in year one, and rental yield stands at 7.2% on a $509,888 basis. Equity gained on principal adds $3,290/yr, and 5% annual appreciation accumulates to $140,873 by year five. Five-year ROI measures 83.08% and total cumulative return in cash reaches $139,372. For financing, Ziffy Mortgage’s DSCR program evaluates $3,059/mo property income against a $2,496/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
7,291 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: Kent Zarbock • ERA Experts
Mls Name: Unlock MLS
Mls ID: #5168468