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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 238 Cathedral Mountain Dr, Dripping Springs, TX, 78620 priced at $646,415 converts $3,388/mo rent into after a $3,164/mo obligation. Total monthly income equals $3,388/mo. Return on cash invested prints 13.24% in year one, and rental yield reads 6.29% against a $646,415 entry. Equity gained on principal adds $4,171/yr, while 5% annual appreciation compiles into $178,593 by year five. Five-year ROI reaches 68.28% and total cumulative return in cash sums $145,204. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,388/mo property income covering a $3,164/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-10-16 | Listed for sale | $646,415 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $1620.11 | -22.25% | $92,925 | -25.00% |
| 2023-10-16 | $2083.77 | N/A | $123,900 | N/A |
Listed by: N/A • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A
