Canyon Plan, Cannon RanchDripping 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
Rental property for sale in Dripping Springs at Canyon Plan, Cannon Ranch, Dripping Springs, TX, 78620 generates $3,706/mo in rent and, after a $2,250/mo payment, leaves $437/mo in cash flow. Total monthly income is $3,706/mo, and annual cash flow is $5,243/yr on $152,404 invested. Return on cash invested sits at 23.35% in year one, and rental yield is 9.67% on a $459,740 entry. Equity gained on principal adds $2,967/yr, while 5% annual appreciation builds toward $127,018 over five years. Five-year ROI reaches 122.5% and total cumulative return in cash sums $186,688. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,706/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A 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: N/A • Ashton Woods
Mls Name: Ashton Woods Homes
Mls Provider:
Mls ID: #N/A