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$561,000

NAL Estimated Property Value

1005 Westland Ridge Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,911 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$287.76 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Microwave, Free-Standing Electric Range, Refrigerator, Washer/Dryer
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesGarden, Dog Run
Lot Size1.52 acres

Building Information

Year Built1985
Stories1
Garage Spaces2

Land Information

APNR44884
Lot Number587
SubdivisionSunset Canyon Sec Iii
Land UseResidential
Legal DescriptionSUNSET CANYON SEC 3, LOT 587, ACRES 1.524 TAX CODES:RSP,SDS
Census Tract010806
Assessed Land Value$303,180
Assessed Improvement Value$241,574
Assessment Year2025

About this property

Recently updated & move-in ready-- Charming 3 bed/2 bath ranch-style home in the desirable Sunset Canyon neighborhood of Dripping Springs! Located on 1.5 acres, this meticulously maintained property boasts mature trees, manicured gardens, a separate dog run, and electric gate. Enjoy watching the gorgeous hill country sunsets from your front porch. Large windows let in abundant natural light, creating a peaceful and airy feel throughout. Two additional flex spaces. *Recent upgrades: roof, exterior paint, interior paint & ceilings, shower and tub refinishing, fans, light fixtures, gutters, patio wall & sidewalk. Recently serviced: well, septic, hvac, water softener.* Click the Virtual Tour link to view the 3D walkthrough. Incentives available for qualified buyers.

Investor Tools

Property Icon
$561,000
Estimated Property Value
$435,378Estimated Mortgage Balance
$126,600Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,366 /month
Positive
Cash Flow Estimate:
$1,122 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$496/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,144
$544,754
2025
$303,180
$241,574
$544,754
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,144
$544,754

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
State Department Fcu
Conventional
$439,200
No
First
Jul 17, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$435,378
$109,622
20%
78%
$2,527/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,562/mo
$-474/mo
4.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Dripping Springs

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1005 Westland Ridge Rd | Property Details | No Agent List