2101 Upper Branch CV
About This Property
Fully remodeled in 2023, this Dripping Springs property combines updated interior finishes with usable acreage and Hill Country outdoor living. Natural hickory engineered wood flooring runs throughout the home, complemented by marble-look tile in the kitchen, dining, and great room. Remodeled kitchen opens to the main living spaces and covered outdoor entertaining areas. Separate living room provides additional flex space for media, office, or lounge use. Two primary suites offer flexible layout options for guests or multigenerational living. Primary bathroom includes heated floors, heated towel rack, and Bluetooth speakers. Roof and gutters replaced in 2023. Outdoor features include a pool with waterfall, covered patio, outdoor kitchen, fenced acreage, pole barn, and riding arena. Detached music recording studio with half bath offers potential for creative workspace, guest quarters, gym, or future casita conversion. Located on a cul-de-sac approximately 5-10 minutes from H-E-B, dining, shopping, and the future Target development in Dripping Springs. Outside smoker does not convey
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by Compass RE Texas, LLC | $1,325,000 | |
| Listed by Compass RE Texas, LLC | |||
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About Hays
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017