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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% |
Rental property for sale in Dripping Springs at 518 Clear Creek Ln, Dripping Springs, TX, 78620 priced at $620,000 converts $2,994/mo rent into after a $3,035/mo obligation. Total monthly income equals $2,994/mo. Return on cash invested prints 11.73% in year one, and rental yield reads 5.79% against a $620,000 entry. Equity gained on principal adds $4,001/yr, while 5% annual appreciation compiles into $171,295 by year five. Five-year ROI reaches 60.2% and total cumulative return in cash sums $122,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,994/mo property income covering a $3,035/mo payment, not borrower’s personal income.
Single Family
Built in 1994
1.39 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Gary Steele • Keller Williams Realty
Mls Name: Unlock MLS
Mls ID: #8476318
