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$438,000

NAL Estimated Property Value

161 Iron Rail Rd, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,992 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.13 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size3,528 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR150544
Lot Number10
SubdivisionTexas Heritage Village Sec 4
Land UseResidential
Legal DescriptionTEXAS HERITAGE VILLAGE SEC 4, BLOCK C, LOT 10, ACRES 0.081 TAX CODES:GHA,RSP,SDS,TDS1
Census Tract010809
Assessed Land Value$88,500
Assessed Improvement Value$317,250
Assessment Year2025

About this property

This is the perfect rental home. Close to everything in the heart of Dripping Springs, this adorable home has been lovingly cared for. Featuring LVP flooring throughout (except for the carpet on the stairs), granite counters, stainless steel appliances, and a super cute and comfy front porch. Downstairs is the perfect kitchen/living room combo with tons of counter space, fabulous storage, and natural light. The 3 spacious bedrooms are all upstairs, with large closets plus a secondary living space perfect as a game room, kid zone, or homework space. The dedicated laundry room is even upstairs ... Genius! Only minutes from Downtown Dripping Springs and the fabulous walking trails, park, and pool, all at Founders Park, you will never need to go far. Refrigerator, Washer and Dryer stay. There is a NEMA 14-50 Tesla charging outlet in the garage and wall mounted TVs in the living room and loft. This is a must see!

Investor Tools

Property Icon
$438,000
Estimated Property Value
$303,201Estimated Mortgage Balance
$135,386Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,628 /month
Positive
Cash Flow Estimate:
$876 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$807/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,498
$405,750
2025
$88,500
$317,250
$405,750
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,498
$405,750

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Intercontinental Capital Group Inc
Conventional
$309,429
No
First
May 15, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,201
$144,799
32%
69%
$2,006/mo

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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161 Iron Rail Rd | Property Details | No Agent List