$547,020
118 Crater Lake Dr, Dripping Springs, TX, 78620
On Market
Just Added
Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
AppliancesBuilt In Range, Built In Oven, Dishwasher, Energy Star Qualified Appliances, Exhaust Fan, Disposal, Gas Range, Microwave, Stainless Steel Appliances
FlooringCarpet, Vinyl
Exterior
Exterior FeaturesIn Wall Pest Control System, Rain Gutters
Lot Size5,175 sqft
Building Information
Garage Spaces2
Land Information
APNR208324
Lot Number3
SubdivisionCannon Ranch
Legal DescriptionCANNON RANCH PHASE 2, BLOCK 7, LOT 3, 5175 SQUARE FEET TAX CODES:RSP,SDS,TDS1
Census Tract010809
Assessed Land Value$63,720
Assessment Year2026
About this property
Welcome home to the Knox, our largest floor plan in Cannon Ranch! This spacious home features 6 bedrooms, 4 bathrooms, a dedicated study, and a large game room, offering plenty of space for everyone. Backing to a scenic walking trail and mature trees, this home offers the perfect blend of space, comfort, and natural beauty!
Investor Tools
$0Estimated Mortgage Balance
$63,720Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,282 /month
Positive
Cash Flow Estimate:
$1,094 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$92/month
$43/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$782
$63,720
2026
$63,720
N/A
$63,720
No
Tax History
Year
Tax Paid
Assessed Value
2025
$782
$63,720
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$63,720
100%
0%
$0/mo
