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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 319 Cathedral Mountain Way, Dripping Springs, TX, 78620 priced at $519,990 pairs $9,360/mo rent with $5,617/mo cash flow after a $2,545/mo payment. Total monthly income equals $9,360/mo, and annual cash flow comes to $67,408/yr on $171,077 invested. Return on cash invested is 59.46% in year one, and rental yield stands at 21.6% on a $519,990 basis. Equity gained on principal adds $3,355/yr, and 5% annual appreciation accumulates to $143,664 by year five. Five-year ROI measures 316.27% and total cumulative return in cash reaches $541,064. For financing, Ziffy Mortgage’s DSCR program evaluates $9,360/mo property income against a $2,545/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$45 monthly 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 |
|---|---|---|
| 2024-12-14 | Price change | $519,990 |
| 2024-12-06 | Price change | $524,990 |
| 2024-11-02 | Price change | $529,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Patrick Mcgrath • Meritage Homes Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #3603184
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)
