2603 Pecan ST
About This Property
The land features light tree cover and a desirable topography that slopes upward to a prominent hilltop with approximately 180-degree views overlooking Bastrop-an uncommon setting for an in-town tract. An existing 2019 manufactured home is on the property along with various outbuildings, equipment, and trailers. Seller is willing to negotiate certain personal property items in the sale; otherwise, seller will retain.
Floodplain encroaches slightly along Pecan St-see county maps and supporting exhibits. Minutes to Historic Downtown Bastrop, shopping, dining, and major employers. Bastrop County continues to experience strong growth and investment, further supporting long-term demand and development activity. All information deemed reliable but not guaranteed; buyer to independently verify zoning, utilities, taps/meters, floodplain, acreage, and any development requirements.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2026 | Listed by Capitol Ranch Real Estate | $1,853,000 | |
| Listed by Capitol Ranch Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017