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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 290 Patti Ln, Dripping Springs, TX, 78620 generates $5,039/mo in rent, after a $6,362/mo payment. Total monthly income is $5,039/mo. Return on cash invested sits at 8.39% in year one, and rental yield is 4.65% on a $1,299,900 entry. Equity gained on principal adds $8,388/yr, while 5% annual appreciation builds toward $359,138 over five years. Five-year ROI reaches 42.21% and total cumulative return in cash sums $177,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,039/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
11 Acres 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 |
|---|---|---|
| 2024-11-27 | Listed for sale | $1,299,900 |
| 2024-10-08 | Listing removed | $1,349,900 |
| 2024-08-14 | Price change | $1,349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-28 | N/A | N/A | $972,792 | 10.00% |
| 2023-12-28 | $12218.66 | -7.22% | $884,356 | 10.00% |
| 2022-12-28 | $13169.53 | 2.46% | $803,960 | N/A |
Listed by: Adelina Rotar • Keller Williams Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #2270648
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-12-27 16:16:47 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)
