119 Mercer St, Bastrop, TX, 78602 | 6.39% Rental Yield

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119 Mercer St, Bastrop, TX, 78602 | 6.39% Rental Yield | Ziffy

For Sale

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 119 Mercer St, Bastrop, TX, 78602 earns from $1,751/mo rent with a $1,610/mo payment. Total monthly income totals $1,751/mo. ROI tracks 13.44% on current figures, and rental yield reads 6.39% at a $329,000 purchase. Equity gained on principal adds $2,123/yr, and 5% annual appreciation supports $90,897 over five years. Five-year ROI reaches 69.34% and total cumulative return in cash sums $75,621. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,751/mo property income instead of your personal income.

Single Family

Built in 2021

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This well-kept charming "hi-tech home" on a desirable corner lot, features an open floor plan with three bedrooms and two bathrooms. The 3 year old property has only been lived in part-time. Included in the price are the washer/dryer, water softener, refrigerator, custom shades, new glass pantry door, designer closet, matching ceiling fans in all rooms, epoxied garage floor, upgraded garage door, and a home warranty until March 2028. With a welcoming living area, a modern kitchen with granite countertops/ tiled backsplash and a large master bathroom. Enjoy the Texas breeze relaxing on the back porch. Negotiable items include furniture and a 2019 Honda CRV with 54 K miles. Community pool, playground and hiking trails are part of the neighborhood. Conveniently situated near shopping, dining, and recreational spots, this residence is both comfortable and accessible. Experience the blend of tranquility and vibrant community living at this lovely address. The perfect house in a perfect location. Bastrop was voted the most charming small town in Texas for 2025.

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