975 N Roger Hanks Pkwy, Dripping Springs, TX, 78620 | $5,820/mo Cash Flow

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975 N Roger Hanks Pkwy, Dripping Springs, TX, 78620 | $5,820/mo Cash Flow | Ziffy

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NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Dripping Springs at 975 N Roger Hanks Pkwy, Dripping Springs, TX, 78620 offers $9,360/mo rent that, after a $2,437/mo payment, leaves $5,820/mo cash flow. Total monthly income is $9,360/mo, and annual cash flow is $69,834/yr on $165,026 cash. Return on cash invested measures 62.23% in year one, and rental yield stands at 22.56% at a $497,815 entry. Equity gained on principal adds $3,212/yr while 5% annual appreciation compounds into $137,537 by year five. Five-year ROI records 330.99% and total cumulative return in cash reaches $546,222. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,360/mo property income versus a $2,437/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming new construction home located at 975 North Roger Hanks Parkway in the serene city of Dripping Springs, TX. A spacious one-story home, IT features an open floorplan which creates a bright and airy atmosphere that flows seamlessly throughout the 1,903 square feet of living space. With 4 bedrooms and 2 bathrooms, it provides a comfortable living space for the whole family. At the heart of this home is the well-appointed kitchen that is equipped with modern appliances, sleek countertops, and ample storage space for all your culinary needs. Whether you're a seasoned chef or just enjoy cooking for your loved ones, this kitchen is sure to inspire your inner chef. Let's Go Outside Step outside to the covered patio area where you can relax and enjoy the fresh air while sipping your morning coffee or hosting gatherings with family and friends. Additionally, with a 2-car garage available, you'll have plenty of room for your vehicles or guest parking. More Information This property, built by M/I Homes, offers a perfect balance of comfort and style, making it an ideal place to call home. Whether you're looking to settle down in a peaceful neighborhood or seeking a modern space to entertain guests, this home will meet your needs. Its location in Dripping Springs, provides easy access to nearby amenities, schools, shopping centers, and recreational activities, making it a convenient and desirable location f...

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