319 Canal DrDripping SpringsTX78620
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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
Investment Highlights
Investment property for sale in Dripping Springs at 319 Canal Dr, Dripping Springs, TX, 78620 listed at $1,081,990 pairs $9,360/mo rent with a $5,296/mo payment to leave $1,541/mo cash flow. Total monthly income runs $9,360/mo, and annual cash flow reaches $18,487/yr on $350,565 cash to close. Return on cash invested measures 25.64% in year one, and rental yield registers 10.38% at a $1,081,990 basis. Equity gained on principal adds $6,982/yr, and annual property appreciation at 5% supports $298,934 by year five. Five-year ROI tracks 134.89% and total cumulative return in cash totals $472,889. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,360/mo property income relative to a $5,296/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.45 Acres lot
$N/A/sqft
$1,500 annually HOA
More details about the property
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 |
Housing Distribution
Address Breakdown
Residential
9,828
Single Family
9,513
Multi-Family
315
Businesses
999
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-05 | Price change | $1,081,990 |
| 2024-11-21 | Price change | $1,091,990 |
| 2024-10-21 | Price change | $1,111,990 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-28 | N/A | N/A | $216,830 | N/A |
| 2023-12-28 | $5225.65 | N/A | $216,830 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 3,992 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Natural Gas
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Carpet, Tile, Wood
- Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Double Vanity, Electric Dryer Hookup, Eat-in Kitchen, Entrance Foyer, High Speed Internet, In-Law Floorplan, Interior Steps, Kitchen Island, Low Flow Plumbing Fixtures, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Soaking Tub, Walk-In Closet(s), Wired for Data
- Exterior Features: Uncovered Courtyard, Gutters Partial, Pest Tubes in Walls, Private Entrance, Private Yard
- Parking Features: Attached, Direct Access, Door-Multi, Driveway, Garage, Garage Door Opener, Garage Faces Side
Location
- City: Dripping Springs
- State: TX
- Subdivision: Caliterra
- Lot Size: 0.45 Acres
- Lot Features: Back Yard, Cul-De-Sac, Interior Lot, Pie Shaped Lot, Sprinkler - Automatic, Sprinkler - Back Yard, Sprinkler - In Front, Sprinkler - In-ground, Sprinkler - Rain Sensor, Sprinkler - Side Yard, Trees-Sparse, Views
- View: See Remarks
HOA & Fees
- HOA Fee: $1,500 annually
- Association Fee: $1,500 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Common Area Maintenance
Utilities
- Utilities: Cable Available, Electricity Connected, Internet-Cable, Natural Gas Connected, Phone Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Walnut Springs
- Middle School: Dripping Springs Middle
- High School: Dripping Springs
Listed by: Greg Smith • RGS Realty LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #4103058
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)