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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 3003 Old Red Ranch Rd, Dripping Springs, TX, 78620 generates $2,880/mo in rent, after a $2,936/mo payment. Total monthly income is $2,880/mo. Return on cash invested sits at 11.63% in year one, and rental yield is 5.76% on a $599,950 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,755 over five years. Five-year ROI reaches 59.67% and total cumulative return in cash sums $117,788. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
10 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $599,950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | N/A | N/A | $403,290 | 4.05% |
| 2023-03-12 | $1998.09 | 123.75% | $387,590 | 5.81% |
| 2022-03-12 | $893.01 | N/A | $366,310 | 25.86% |
Listed by: John R. Melnar • Grand Land Realty, LLC
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #572734
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 Central Texas MLS, All Rights Reserved.
