








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 420 Waters Edge Cv, Dripping Springs, TX, 78620 projects strong ROI of 7.16%. Rental yield 4.32%. With 5% annual appreciation, the property builds $718,056 in value over five years. Equity growth combined delivers a projected five-year ROI of 35.67%, translating into $300,389 in total cumulative return on $842,076 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2022
0.48 Acres lot
$N/A/sqft
$150 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 |
|---|---|---|
| 2025-02-28 | Listed for sale | $2,599,000 |
| 2021-03-03 | Listing removed | N/A |
| 2020-11-25 | Pending sale | $189,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $36166.61 | 0.31% | $1,514,814 | -1.89% |
| 2023-04-09 | $36053.27 | 570.87% | $1,543,923 | 648.57% |
| 2022-04-09 | $5374.07 | 4.48% | $206,250 | 8.56% |



Listed by: Bridget Ramey • Kuper Sotheby's Int'l Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #3636098
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-04-09 05:41:22 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)