294 Bridge Water Loop, Dripping Springs, TX, 78620 | $2,321/mo Cash Flow | Ziffy
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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 294 Bridge Water Loop, Dripping Springs, TX, 78620 offers $9,360/mo rent that, after a $4,845/mo payment, leaves $2,321/mo cash flow. Total monthly income is $9,360/mo, and annual cash flow is $27,849/yr on $325,677 cash. Return on cash invested measures 28.61% in year one, and rental yield stands at 11.35% at a $989,900 entry. Equity gained on principal adds $6,388/yr while 5% annual appreciation compounds into $273,491 by year five. Five-year ROI records 150.69% and total cumulative return in cash reaches $490,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,360/mo property income versus a $4,845/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

MLS# 5513306 - Built by Drees Custom Homes - May 2026 completion! ~ The Eastland II, one of our most popular floorplans, is a spacious, modern one-story home offering four bedrooms. The luxurious primary suite is a private retreat set back down a hallway which adjoins a spa-like bathroom retreat with large walk-in closet. This plan offers a large second independent living suite as an option. The main living space opens up with a vaulted family room that overlooks the expansive covered porch giving it an indoor, outdoor open feel with its wall of windows. The placement of the kitchen in the main living space makes it a stylish showpiece for the home, and allows for easy entertaining. Residents will especially appreciate its ample storage, and a family-ready room to tuck away all the evidence of everyday life. This flexible plan also has options for a wine bar, extra pocket office, and even a second level with space for a 6th bedroom. The 2nd level is private and provides a full living suite for guests.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78620, Dripping Springs, TX area.

Housing Distribution

Housing Statistics

CategoryValue
Total HU (Housing Units)10,147 (100%)
Owner Occupied HU8,366 (82.4%)
Renter Occupied HU1,041 (10.3%)
Vacant Housing Units740 ( 7.3%)
Median Home Value$735,904
Average Home Value$830,505

Address Breakdown

Residential

9,828

Single Family

9,513

Multi-Family

315

Businesses

999

Price History

Date

Event

Price

No price history data available

Tax History

Date

Tax Paid

Tax Increase Rate

Value

Value Increase Rate

No tax history data available
Loan officer
Loan officer
Loan officer
Powered by
Ziffy Mortgage
NMLS #2625701
Get Pre-Approved

Facts & Features

General Information

  • Type: SingleFamily
  • Year Built: 2025
  • Architectural Style: N/A
  • Building Area: N/A
  • Living Area: N/A
  • Property Condition: N/A

Features & Amenities

  • Heating: N/A
  • Cooling: N/A
  • Flooring: N/A
  • Interior Features: N/A
  • Exterior Features: N/A
  • Parking Features: Attached, Concrete, Door-Multi, Driveway, Garage Door Opener, Garage Faces Front, Garage Faces Side, Inside Entrance, Kitchen Level, Lighted, Private

Location

  • City: Dripping Springs
  • State: TX
  • Subdivision: N/A
  • Lot Size: 0.26 Acres
  • Lot Features: N/A
  • View: N/A

HOA & Fees

  • HOA Fee: N/A
  • Association Fee: N/A
  • Fees & Dues: N/A
  • Association Amenities: N/A
  • Association Fee Includes: N/A

Utilities

  • Utilities: N/A
  • Sewer: N/A
  • Water Source: N/A
  • Road Surface Type: N/A

School Information

  • Elementary School: N/A
  • Middle School: N/A
  • High School: N/A

Listed by: Ben Caballero • HomesUSA.com 

Mls Name: Unlock MLS

Mls ID: #5513306

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