1121 Largemouth RD, Bastrop, TX 78602
Bastrop Grove · Bastrop County
Key Facts
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 Type
Residential
Sub-Type
Single Family Residence
Year Built
2023
Living Area
1,500 sq ft
Lot Size
0.11 acres
Parking Spaces
2
Ownership
Fee-Simple
Days on Market
5
MLS® Listing#
5952680
Property Features
Interior
Exterior
Appliances
Cooling
Heating
Flooring
Pool
Parking
Laundry
Patio
Fencing
Lot Features
Construction
Foundation
Roof
Other Structures
Community
Utilities
Sewer
Water Source
Schools
- Elementary:
- Mina
- Middle:
- Bastrop
- High:
- Bastrop
Financial Details
HOA
$60 / Monthly
Bastrop Grove
Annual Taxes
$4,407
Tax year 2026
Assessed Value
$209,785
Parcel Number
1121 Largemouth Ln
Directions
From TX-71, turn South on Hwy 304.Turn Left on Greenleaf Fisk at Hunter's Crossing. Turn left on Bass Dr.
Affordability Calculator
$49,000
Estimated monthly payment
$1,304/mo
Principal $196,000 · Est. interest $273,437 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Bastrop, TX
- $412,879
- Median Listing Price
- 74
- Median Days on Market
- 2,049
- Median Sq Ft
- $206
- Median Price / Sq Ft
- 411
- Active Listings
- This home’s price is 41% below the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Bastrop, TX.
Location
Points of Interest in Bastrop, TX
Showing the Bastrop area map.
Nearby Schools
Bastrop Middle School
School · 0.7 mi away
Bastrop Middle School
Secondary · 0.7 mi away
Bastrop Intermediate School
Secondary · 0.9 mi away
Calvary Episcopal School
School · 1.2 mi away
Calvary Episcopal School
School · 1.7 mi away
Bastrop School of Montessori
Elementary · 1.9 mi away
Bastrop Independent School District
Elementary · 1.9 mi away
Mina Elementary School
Elementary · 2.0 mi away
Genesis High School
Secondary · 2.2 mi away
Emile Elementary School
Elementary · 2.2 mi away
Bastrop Montessori
Elementary · 2.3 mi away
Bastrop High School
Secondary · 2.3 mi away
Colony Oaks Elementary School
Elementary · 2.5 mi away
Compass Rose Harvest
Elementary · 5.0 mi away
Bluebonnet Elementary School
Elementary · 5.4 mi away
Lost Pines Elementary
Elementary · 6.5 mi away
Bastrop County Juvenile Boot Camp
School · 7.6 mi away
Cedar Creek High School
Secondary · 7.8 mi away
Cedar Creek Middle School
Secondary · 7.9 mi away
Cedar Creek Intermediate School
School · 8.1 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 119 E Clearview Cemetery RD, Bastrop, TX | $189,000 | 3 | 2 | 1,064 |
| 502 Martin Luther King Jr DR, Bastrop, TX | $199,999 | 2 | 1 | 1,036 |
| 116 Otani CT, Bastrop, TX | $200,000 | 3 | 2 | 1,500 |
| 138 San Jacinto ST, Bastrop, TX | $225,000 | 3 | 1 | 1,120 |
| 212 Cool Water DR, Bastrop, TX | $225,000 | 3 | 1 | 1,008 |
| 245 Flaming Oak DR, Bastrop, TX | $249,000 | 3 | 1 | 1,240 |
Moving Cost Estimate
EXIT Agents in Bastrop
Listing Courtesy: All City Real Estate Ltd. Co - (858) 729-4938
Last Updated: 2026-07-06