1121 Largemouth RD, Bastrop, TX 78602

Description

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 Information

Property Features

Schools

Elementary:

Mina

Middle:

Bastrop

High:

Bastrop

Financial Details

Directions

From TX-71, turn South on Hwy 304.Turn Left on Greenleaf Fisk at Hunter's Crossing. Turn left on Bass Dr.

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