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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% |
Investment property for sale in Dripping Springs at 321 Hannah Dr, Dripping Springs, TX, 78620 at $1,495,000 posts ROI 10.1% with from $6,486/mo rent. Total monthly income equals $6,486/mo. Return on cash invested measures 10.1% and rental yield reads 5.21% at the current $1,495,000. Equity gained on principal adds $9,647/yr, and 5% annual appreciation supports $413,041 by year five. Five-year ROI prints 51.39% and total cumulative return in cash totals $248,941. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,486/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2005
4.50 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 |
|---|---|---|
| 2025-05-30 | Listed for sale | $1,495,000 |
| 2023-05-29 | Listing removed | N/A |
| 2023-04-28 | Price change | $6,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $20713.60 | 9.77% | $1,324,340 | 5.98% |
| 2023-05-30 | $18869.21 | 44.42% | $1,249,600 | 56.62% |
| 2022-05-30 | $13065.71 | 2.45% | $797,862 | N/A |
Listed by: Karen Kelly • van Heuven Properties
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #5677463
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-05-30 11:57:35 PDT. 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](/mls-disclaimers/#27)
