Short-Term Rental Compound with 8
931 Sycamore Creek Dr Dripping Springs, TX 78620
For Sale
$1,239,000
For sale short-term rental compound with eight distinct units, including cabins, tiny homes, and a manufactured home at the entrance.
Property Size3,980 SF
Price / SF$311.31
Days on Market154
Property Features for 931 Sycamore Creek Dr
General Information
Standard status
Active
Size
3,980 SF
Property subtype
Commercial
Building Details
Year Built
2000
Listing Agency:
Berkshire Hathaway TX Realty
(512) 864-5657
Listed By:
Terry Swets
Source:
Buttross
Added: Feb 25
Changed: Jul 26
Last Checked: Jul 29 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway TX Realty
Investment Insights
Based on property information with market context.
This for-sale short-term rental compound features eight distinct units arranged as an on-site hospitality property. The estate includes four cabins, three tiny homes, and a three-bedroom, two-bathroom manufactured home positioned at the property entrance.
The unit mix supports flexible use within the compound, including individual rentals and opportunities for group stays. Each rental unit is described as furnished with modern amenities and includes outdoor areas designed for guests to enjoy the surrounding Hill Country setting.
The property is presented as a turnkey opportunity for income-producing use, with mature trees and space noted for potential further expansion.
The unit mix supports flexible use within the compound, including individual rentals and opportunities for group stays. Each rental unit is described as furnished with modern amenities and includes outdoor areas designed for guests to enjoy the surrounding Hill Country setting.
The property is presented as a turnkey opportunity for income-producing use, with mature trees and space noted for potential further expansion.
Key Highlights
- Income‑producing short‑term rental compound built in 2000 with eight distinct units
- Unit mix includes 4 cabins, 3 tiny homes, and a 3‑bedroom, 2‑bath manufactured home at the entrance
- Layout supports privacy and versatility for individual rentals and group stays
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.0k | $29.40 |
| − Vacancy | −$6.1k | −$1.53 |
| EGI | $110.9k | $27.87 |
| − OpEx | −$49.9k | −$12.54 |
| NOI | $61.0k | $15.33 |
3,980 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$871.6K
$762.6K – $1.02M
NOI $61,010 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.46M – $1.94M
NOI $116,462 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Short term rental property - For sale short-term rental compound with eight distinct units, including cabins, tiny homes, and a manufactured home at the entrance.
Where is this short term rental property located?
The property is located at 931 Sycamore Creek Dr Dripping Springs, TX.
What is the asking price?
The asking price for this property is $1,239,000.
What are key features of this property?
This property features: Income‑producing short‑term rental compound built in 2000 with eight distinct units; Unit mix includes 4 cabins, 3 tiny homes, and a 3‑bedroom, 2‑bath manufactured home at the entrance; Layout supports privacy and versatility for individual rentals and group stays
