500 Grand Prairie CirDripping SpringsTX78620
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Dripping Springs at 500 Grand Prairie Cir, Dripping Springs, TX, 78620 with 5% annual appreciation on a $439,900 basis while $2,459/mo rent supports operations. 4% in year one. Equity gained on principal adds $2,839/yr, and five-year appreciation sums $121,536 alongside rental yield of 6.71%. Five-year ROI measures 74.51% and total cumulative return in cash totals $108,663. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,459/mo property income versus a $2,153/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1985
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78620, Dripping Springs, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,828
Single Family
9,513
Multi-Family
315
Businesses
999
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Listed by: Jennifer Parker • American Realty Services
Mls Name: HAR
Mls ID: #79287397