








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 Spring Branch at 338 FALLING WATER DR, Spring Branch, TX, 78070 priced at $1,398,500 converts $10,399/mo rent into $444/mo cash flow after a $6,845/mo obligation. Total monthly income equals $10,399/mo, and annual cash flow totals $5,328/yr on $453,114 invested. Return on cash invested prints 21.55% in year one, and rental yield reads 8.92% against a $1,398,500 entry. Equity gained on principal adds $9,024/yr, while 5% annual appreciation compiles into $386,380 by year five. Five-year ROI reaches 112.76% and total cumulative return in cash sums $510,952. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $10,399/mo property income covering a $6,845/mo payment, not borrower’s personal income.
Single Family
Built in 1996
10 Acres lot
$N/A/sqft
$120 annually HOA
Neighborhood data shown for ZIP Code: 78070, Spring Branch, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,971 (100%) |
| Owner Occupied HU | 8,394 (84.2%) |
| Renter Occupied HU | 885 ( 8.9%) |
| Vacant Housing Units | 692 ( 6.9%) |
| Median Home Value | $596,751 |
| Average Home Value | $695,534 |
Residential
9,272
Single Family
8,986
Multi-Family
286
Businesses
618
Date | Event | Price |
|---|---|---|
| 2024-07-04 | Price change | $1,398,500 |
| 2024-05-24 | Listed for sale | $1,498,500 |
| 2021-07-28 | Sold | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $12535.97 | -22.86% | $1,291,790 | 4.47% |
| 2022-08-14 | $16251.96 | 70.44% | $1,236,520 | 79.33% |
| 2021-08-14 | $9535.22 | -10.30% | $689,513 | -8.41% |



What's Special
Access Only,Pull Down Stairs
Listed by: Deborah Van Tellingen • Central Metro Realty
Mls Name: SABOR
Mls Provider:
Mls ID: #1777925
Disclaimer: 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.