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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Bastrop at 159 Alele Dr, Bastrop, TX, 78602 priced at $454,500 converts $2,400/mo rent into after a $2,225/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 13.28% in year one, and rental yield reads 6.34% against a $454,500 entry. Equity gained on principal adds $2,933/yr, while 5% annual appreciation compiles into $125,570 by year five. Five-year ROI reaches 68.51% and total cumulative return in cash sums $103,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,225/mo payment, not borrower’s personal income.
Single Family
Built in 2016
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78602, Bastrop, TX area.
| 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 |
Residential
14,020
Single Family
13,017
Multi-Family
1,003
Businesses
1,232
Date | Event | Price |
|---|---|---|
| 2025-04-13 | Listed for sale | $454,500 |
| 2017-02-24 | Sold | N/A |
| 2017-01-31 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $4796.40 | 14.14% | $370,057 | 10.00% |
| 2023-04-14 | $4202.24 | -13.51% | $336,415 | 10.00% |
| 2022-04-14 | $4858.44 | -1.84% | $305,832 | 10.00% |
Listed by: Susan Nogues • Susan Nogues Real Estate LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #8218398
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-04-14 00:44:27 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)
