1121 Largemouth RD, Bastrop TX 78602

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.