








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 Spicewood at 438 Cedar Mountain Drive, Spicewood, TX, 78669 at $950,000 posts ROI 15.82% with from $5,720/mo rent. Total monthly income equals $5,720/mo. Return on cash invested measures 15.82% and rental yield reads 7.23% at the current $950,000. Equity gained on principal adds $6,130/yr, and 5% annual appreciation supports $262,467 by year five. Five-year ROI prints 82.21% and total cumulative return in cash totals $256,958. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,720/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
2.10 Acres lot
$N/A/sqft
$810 annually HOA
Neighborhood data shown for ZIP Code: 78669, Spicewood, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,541 (100%) |
| Owner Occupied HU | 4,686 (71.6%) |
| Renter Occupied HU | 637 ( 9.7%) |
| Vacant Housing Units | 1,218 (18.6%) |
| Median Home Value | $759,615 |
| Average Home Value | $852,653 |
Residential
5,910
Single Family
5,902
Multi-Family
8
Businesses
312
Date | Event | Price |
|---|---|---|
| 2024-08-09 | Price change | $975,000 |
| 2024-07-19 | Price change | $950,000 |
| 2024-05-31 | Listed for rent | $3,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Christopher Watters • Watters International Realty
Mls Name: HLMLS
Mls Provider:
Mls ID: #167527
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.