248 Big Banyan Dr, Dripping Springs, TX, 78620 | $1,179/mo Cash Flow

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248 Big Banyan Dr, Dripping Springs, TX, 78620 | $1,179/mo Cash Flow | Ziffy

For Sale

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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

Rental property for sale in Dripping Springs at 248 Big Banyan Dr, Dripping Springs, TX, 78620 priced at $610,465 pairs $5,520/mo rent with $1,179/mo cash flow after a $2,988/mo payment. Total monthly income equals $5,520/mo, and annual cash flow comes to $14,146/yr on $200,843 invested. Return on cash invested is 27.1% in year one, and rental yield stands at 10.85% on a $610,465 basis. Equity gained on principal adds $3,939/yr, and 5% annual appreciation accumulates to $168,660 by year five. Five-year ROI measures 142.6% and total cumulative return in cash reaches $286,401. For financing, Ziffy Mortgage’s DSCR program evaluates $5,520/mo property income against a $2,988/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

The open-concept Paramount II floorplan, part of our Signature II Series of homes, comes standard with 3-5 bedrooms, 2.5-4 bathrooms, and 2,575 square feet of functional living space. It's also the 2-story version of our popular Barton floorplan, and it's available in many of our beautiful communities in the Austin area. You are welcomed into this home by a large foyer with 2 bedrooms and a full bathroom tucked off of the entrance. Farther down the foyer is a private study and a half bath. In need of an additional bedroom? Convert this space to a fourth bedroom with a full bathroom. Continue through to the common areas, where you will immediately notice the warm, yet open feeling of the floorplan. The family room features the option to add a corner fireplace for when you need some extra warmth on cold winter nights. In the kitchen, take your pick of top-of-the-line cabinetry, numerous styles of granite countertops, and stylish hardware to complete the look. With a dining room also positioned near the kitchen, this open space is great for entertaining or just relaxing with the family. You'll also love the covered back patio, perfect for those summer barbecues with friends! A spacious, private owner's suite is situated in the back of the home. When building this home, you have the option to add a bay window for even more square footage and plenty of natural light. In the owner's bathroom, you will find a walk-in closet, double vanity, and the option to upgrade to a deluxe o...

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