$499,000
1166 Grant Wood Ave, Driftwood, TX, 78619
On Market
Property Lead Type:
Absentee OwnerHigh EquityMove-In Ready
Highlights
Interior
AppliancesOven, Dishwasher, Gas Cooktop
FlooringCarpet, Tile, Wood
Exterior
Exterior FeaturesNone
Building Information
Year Built2019
Stories2
Roof Type105
Garage Spaces2
Land Information
APNR164477
Lot Number1
SubdivisionThe Gardens Of Howard Ranch
Land UseResidential
Legal DescriptionTHE GARDENS OF HOWARD RANCH, A RESIDENTIAL CONDOMINIUM, UNIT 116, 2.7027% COMMON AREA INTEREST TAX CODES:GHA,RSP,SDS
Census Tract010806
Assessed Land Value$90,570
Assessed Improvement Value$434,450
Assessment Year2025
About this property
Craftsman Cottage in the heart of Dripping Springs! New construction garden home with 4 main bedrooms, open concept kitchen and dining+living room with white oak floors through out main living area and kitchen. Corner unit with large side yard and covered side and front patio. 2 car attached garage. Master on main level. Secondary bedroom down and 2 beds up. City water, city sewer. High speed internet and cable available. HOA maintains all landscaping and irrigation water. Negotiable lease time frame.
Investor Tools
$353,099Estimated Mortgage Balance
$382,606Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,410 /month
Positive
Cash Flow Estimate:
$1,470 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,069/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,158
$525,020
2025
$90,570
$434,450
$525,020
No
Tax History
Year
Tax Paid
Assessed Value
2024
$9,158
$525,020
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crestmark Mortgage Company Ltd
Conventional
$394,250
No
First
Nov 20, 2020
Dec 2050
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,099
$376,901
51%
48%
$2,364/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$2,364/mo
+$126/mo
4.1%
