118 Kaneohe Ln, Bastrop, TX, 78602 | $54/mo Cash Flow

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118 Kaneohe Ln, Bastrop, TX, 78602 | $54/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Bastrop at 118 Kaneohe Ln, Bastrop, TX, 78602 offers a 8.73% rental yield on a $329,900 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,615/mo payment leaves $54/mo available for distribution. Annual cash flow reaches $645/yr on $109,362 to close, and return on cash invested stands at 20.5% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,145 over five years. Portfolio math shows five-year ROI at 107.22% and total cumulative return in cash at $117,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2004

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Are you looking for an affordable home in the gorgeous Tahitian Villages Lost Pines Region? This home is the lowest-priced in Tahitian Village for its square footage and premium lot. Why? Because much of the hardware and fixtures are original and the house needs some cosmetic updates. It was built by Vince Kaiser Homes on a generously-sized parcel surrounded by mature trees and wildlife galore. What makes it especially unique is the propane tank that fuels the gas range, which is a favorite for foodies. Very few homes in Tahitian have that. The vaulted ceilings and easy floor plan make the house feel spacious and open. Capital of Texas roofing right here in Tahitian Village just put a new roof on it and the master bedroom has brand new carpet. So, you truly could move in now and update as you wanted. The back deck is nicely covered for the times you have gatherings that you dont want to end. Its a special property in a beautiful part of the neighborhood AND its priced to sell as-is. What makes this property even better is the seller is offering $5000 in flex cash to the buyer to cover some of the closing costs or rate buy-down. Schedule a showing and make it yours today! *** While Tahitian Village does have a property owners association, there is no POA/HOA fee. The Bastrop County Water Control and Improvement District #2 charges a road fee of $204 per year.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78602, Bastrop, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,506 (100%)
Owner Occupied HU	11,642 (70.5%)
Renter Occupied HU	3,542 (21.5%)
Vacant Housing Units	1,322 ( 8.0%)
Median Home Value	$347,719
Average Home Value	$396,837