Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$349,000

3997 Fm 535, Red Rock, TX, 78662

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,311 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$266.21 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesGas Cooktop, Gas Range, Microwave, Free-Standing Range, Refrigerator
FlooringCarpet, Laminate, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPlayground

Building Information

Garage Spaces2

Land Information

APNM8739055
Land UsePersonal Mobile Home
Legal DescriptionA229 LENTZ, JACOB G., ACRES 1.4470, (TINY HOME ONLY)
Census Tract950806
Assessed Improvement Value$77,753
Assessment Year2025

About this property

Incredible Investment Opportunity – Multi-Unit Property with 7.5% Cap Rate! Seize the chance to own a highly profitable, cash-flowing property in a prime location! Situated on 1.45 acres at 3997 FM 535 in Bastrop, this versatile investment offers multiple income streams and strong rental demand. Main Home – 912 sqft, market rent $1,500/month. Tiny Home – 399 sqft, currently renting for $1,100/month. RV Spot – $500/month rental income. With a total potential rental income of $3,100/month, this property delivers steady cash flow and a strong return on investment. Conveniently located on FM 535 near Hwy 20, it offers easy access to Bastrop, Austin, and surrounding areas, making it attractive for long-term tenants or short-term rental opportunities. Whether you're an investor looking for passive income or a buyer seeking multi-family potential, this property won’t last long. Don’t miss out – schedule a showing today!

Investor Tools

$0Estimated Mortgage Balance
$344,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

Interested in this property?

Dylan Helta

George Reinemund Real Estate

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$238/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$77,753
2025
N/A
$77,753
$77,753
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$77,753

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$335,000
100%
0%
$0/mo

City: Red Rock

3997 Fm 535 | Property Details | No Agent List