This home is no longer an active listing on the MLS. It may have sold, been withdrawn, or had its listing expire — we don’t have confirmed sold data, so we won’t guess. The price below is the last listed price, kept for reference only.
1121 Largemouth RD, Bastrop TX 78602
MLS #244746667 · All City Real Estate Ltd. Co · Kasi Alagappan
About this home
Turnkey Investment Property | Tenants In Place | 7% Cap Rate | Newer Build (~2.5 years old) A rare turnkey opportunity in one of Central Texas's fastest-growing corridors. This Dec 2023-built, 3-bedroom, 2-bath home is fully leased with tenants in place through end of April next year (with renewal possibility). Great rental yield and low 2.1% property tax rate. Cash-flowing from day one in an unbeatable location. Location, Location, Location: Minutes from SpaceX, The Boring Company, X, and Lost Pines, with easy access to MD Anderson, Ascension Seton, and Bastrop ISD. Tesla's Gigafactory and Austin-Bergstrom International Airport are both a short drive away, placing this property at the center of one of the region's strongest growth corridors. Property Highlights: 3 bedrooms, 2 bathrooms | Open-concept living and kitchen space | Generous backyard | Dedicated 2-car parking behind the home with alley access | Quick access to local retail, dining, and short drive to Bastrop downtown The Numbers: On a full cash purchase, net rent (after property taxes, landlord's insurance, and HOA) delivers approximately a 7% cap rate — plus upside from continued area appreciation. Buyers who qualify for Real Estate Professional (REP) status may also benefit from bonus depreciation and cost segregation, given the favorable improvement-to-land value ratio on this newer build. This is a rare combination in today's market. Can easily qualify for investor or DSCR loans — we can help with lender contacts. Ideal for both first-time and seasoned investors looking for immediate cash flow backed by long-term growth fundamentals. Call the Listing Agent for full cash flow projections, financials, and to schedule a private showing. Please verify all information and complete your own due diligence. Please do not visit the property directly or disturb tenants. Serious buyers, please call/text listing agent to schedule a showing.
Property details
- Property type
- Residential · SingleFamilyResidence
- Status
- Active
- Year built
- 2023
- Full baths
- 2
- Half baths
- 1
- Lot size
- 0.11
- Subdivision
- Bastrop Grove
- MLS area
- BA
- MLS #
- 244746667
Features
Interior features
- Open Floorplan
Exterior features
- Private Yard
Additional details
- Parking
- Driveway
- Garage spaces
- 0
- Roof
- Composition
- Foundation
- Slab
- HOA
- $60 / monthly
- Annual tax
- $4,406
Location
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Schools
Assigned schools per the MLS.
- School district
- Bastrop ISD
- Elementary
- Mina
- Middle
- Bastrop
- High
- Bastrop
Market insights
Compared with 600 active homes in ZIP 78602 · HomeLocating listings
At $245,000, this home is priced 38% below the $395,000 median across 600 active homes in ZIP 78602.
Estimated monthly payment
Home price
$245,000
Down payment
20% ($49,000)
Loan details
30-yr fixed, 6.50%
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Estimate only, not a lending offer or MLS data. Taxes, insurance, and HOA figures are estimated (see ⓘ above for detail); contact a lender to confirm your exact rate and payment.
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Listing courtesy of All City Real Estate Ltd. Co · Kasi Alagappan
Listing data last updated Aug 1, 2026, 5:46 PM
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