1121 Largemouth Rd, Bastrop, TX 78602
Local realty services provided by:ERA Experts
Listed by: kasi alagappan
Office: all city real estate ltd. co
MLS#:5952680
Source:ACTRIS
1121 Largemouth Rd,Bastrop, TX 78602
$245,000
- 3 Beds
- 3 Baths
- 1,500 sq. ft.
- Single family
- Active
Price summary
- Price:$245,000
- Price per sq. ft.:$163.33
- Monthly HOA dues:$60
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....
Contact an agent
Home facts
- Year built:2023
- Listing ID #:5952680
- Updated:July 19, 2026 at 03:29 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Flooring:Carpet, Vinyl
- Kitchen Description:Dishwasher, Microwave
- Living area:1,500 sq. ft.
Heating and cooling
- Cooling:Central
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Composition
- Year built:2023
- Building area:1,500 sq. ft.
- Lot area:0.11 Acres
- Lot Features:Back Yard, Front Yard
- Construction Materials:HardiPlank Type
- Exterior Features:Private Yard
- Foundation Description:Slab
Schools
- High school:Bastrop
- Elementary school:Mina
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$245,000
- Price per sq. ft.:$163.33
- Tax amount:$4,407 (2026)
Features and amenities
- Appliances:Dishwasher, Microwave
Parking
- Total parking spaces:2
- Parking description:Driveway
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