








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Bastrop at 601 Elm St, Bastrop, TX, 78602 with 5% annual appreciation on a $215,000 basis while $1,890/mo rent supports operations. Total monthly income totals $1,890/mo and a $1,052/mo payment preserves $361/mo for cash returns. Annual cash flow comes to $4,337/yr on $71,273 deployed, and return on cash invested reaches 25.99% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 10.55%. Five-year ROI measures 136.72% and total cumulative return in cash totals $97,441.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,890/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
6,098 sqft 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 |
|---|---|---|
| 2024-11-20 | Listed for sale | $215,000 |
| 2023-08-31 | Sold | N/A |
| 2023-08-18 | Pending sale | $170,250 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $150,976 | 29.31% |
| 2023-12-27 | $2291.99 | -7.39% | $116,751 | 2.51% |
| 2022-12-27 | $2474.95 | 12.41% | $113,896 | 22.83% |



Listed by: Kerry Fossler • Keller Williams Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #3079136
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-12-27 14:46:50 PST. 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](/info/mls-disclaimers/#mls_27)