Oakwood Plan, HeritageDripping 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 Oakwood Plan, Heritage, Dripping Springs, TX, 78620 priced at $359,990 converts $2,994/mo rent into $434/mo cash flow after a $1,762/mo obligation. Total monthly income equals $2,994/mo, and annual cash flow totals $5,208/yr on $119,337 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 9.98% against a $359,990 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,459 by year five. Five-year ROI reaches 127.5% and total cumulative return in cash sums $152,154. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,994/mo property income covering a $1,762/mo payment, not borrower’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 • M/I Homes
Mls Name: M/I Homes
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Mls ID: #N/A