The Madeline Plan · Bastrop, TX 78602

$256,990

3 bd · 2.5 ba · 1,332 sqft · SingleFamily · 719 Days on market

Good condition ↓ 16% since listing

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +9.0/30.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.1/5.0
• 1% rule +2.8/10.0
• DSCR +2.5/10.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Madeline floorplan at our Valverde community in Bastrop, TX. This two story home offers 1,332 square feet of living space across 3 bedrooms, and 2 stories. This floorplan includes an open-concept design, where your living room, dining area, and kitchen blend seamlessly together creating a collaborative space. The kitchen features top-of-the-line stainless steel appliances, decorative tile backsplash, white "picture frame" cabinets, and much more. A convenient powder bathroom is also located downstairs. Enjoy your covered back patio and find yard work a breeze with the rear detached garage, perfect for storage. As you approach the second story, you'll find the main bedroom with a spacious adjoined bathroom including an en-suite with a large walk-in closet offering plenty of storage space. The two other bedrooms and a full bathroom are also located upstairs as well. Whether these room are used for a child's bedrooms, and office space, or home gym, the possibilities are endless. This home comes included with a professionally designed landscape package and a full irrigation system as well as our America's Smart Home® package that offers devices such as the Qolsys IQ Panel, Video Doorbell, Alarm.com app, Honeywell Thermostat, Deako Smart Light Switch, Kwikset Smart lock, and more. Images are representative of plan and may vary as built. Contact us today and find your home at Valverde.

Key facts

• 2 garage spots
• Listed 718 days

🏗️ New construction. The $256,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $266,409.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $257k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-208 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $236k (8.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (19.6% below list).
• Recommended offer: $207k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.1% in Bastrop — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 62/100 on livability (#947 in TX) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: amenities D, employment D, crime F.
• Bastrop ISD (rural): math 25% / reading 28% proficiency, ranked #670 of 826 in TX (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Mina El (math 46% / reading 48%, grade D-, #1,006 of 4,322 statewide, top 25%, 785 students, 55% FRL); Bastrop Middle (math 28% / reading 36%, grade F, #971 of 1,662 statewide, top 60%, 929 students, 80% FRL); Bastrop H S (math 23% / reading 33%, grade F, #1,170 of 1,632 statewide, top 72%, 1,621 students, 62% FRL) — zoned schools at 66% FRL track the district average.
• Market conditions: Rents soft (-2.0%/yr); 1500 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 116d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,841 units permitted in Bastrop County in 2024 (150 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Bastrop County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 719 days — a 12% lower offer ($226k) is reasonable based on typical stale-listing flexibility.

Recommended offer $206,726 (19.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 719 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.78% ✗
• Cap rate: 5.36%
• Cash-on-cash: -3.35%
• DSCR: 0.85
• GRM: 10.7

CMA / ARV

• ARV (median comp): $266,409
• List price: $256,990
• Delta: -3.54%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
312 Santo Domingo Rd	0.06mi	3/2.5	1,332 (0%)	4mo	$257,450	$193	94
318 Nizao Ln	0.08mi	3/2.5	1,332 (0%)	5mo	$273,230	$205	92
304 Puerto Plata Ave	0.04mi	3/2.5	1,332 (0%)	8mo	$265,990	$200	91
302 Nizao Ln	0.04mi	3/2.0	1,206 (-10%)	1mo	$252,990	$210	80
323 Santo Domingo Rd	0.10mi	3/2.0	1,206 (-10%)	2mo	$248,490	$206	76
302 Puerto Plata Ave	0.04mi	3/2.5	1,461 (+10%)	8mo	$263,990	$181	76
313 El Seibo Ln	0.09mi	3/2.0	1,206 (-10%)	5mo	$247,490	$205	74
202 Constanza Trl	0.09mi	3/2.0	1,202 (-10%)	8mo	$262,990	$219	71
204 Constanza Trl	0.09mi	4/2.0 (+1)	1,427 (+7%)	7mo	$299,990	$210	71
311 Santo Domingo Rd	0.07mi	3/2.0	1,206 (-10%)	10mo	$254,990	$211	71
306 Constanza Trl	0.10mi	4/2.0 (+1)	1,427 (+7%)	7mo	$299,990	$210	71
234 George Neggan Ln	0.42mi	3/2.0	1,474 (+11%)	9mo	$270,000	$183	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -25.3%
• Equity multiple: 0.16×
• Total profit: $-62,442
• Equity at exit: $39,722

10-year hold

• IRR: -34.4%
• Equity multiple: -0.27×
• Total profit: $-94,714
• Equity at exit: $23,034

Cash invested: $74,594 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 14 active · 15 under contract
• Months of supply: 14.0 mo (7%/mo absorbed)
• Median asking: $262,565 ($207/sqft)
• Median days on market: 159 d
• This list price: 29% of active listings are priced below it
• ARV vs active asking: -3.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 78602

• Home prices YoY: -23.0%
• Rents YoY: -2.0%
• Active inventory: 1500
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,067 high
• Mortgage (P&I): −$1,397
• Tax est. 1.5%: −$333 /mo · $3,996/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-208

Break-even live

Break-even rent $2,330

Max offer price $236,317

Occupancy floor —

Sensitivity live

Price	-10% $-24	-5% $-116	+0% $-208	+5% $-300	+10% $-392
Rent	-10% $-371	-5% $-290	+0% $-208	+5% $-126	+10% $-45
Rate	-1.0pp $-74	-0.5pp $-140	base $-208	+0.5pp $-277	+1.0pp $-347

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $66,602
• Closing costs: $7,992
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Puerto Plata Ave Bastrop, TX	3.0	2.5	1461	$2,050	$1.40	151d	1	0.04mi
312 Nizao Ln Bastrop, TX	3.0	2.0	1206	$1,800	$1.49	125d	1	0.07mi
304 Azua Path Bastrop, TX	3.0	2.5	1461	$1,900	$1.30	74d	1	0.07mi
320 Santo Domingo Rd Bastrop, TX	3.0	2.0	1206	$1,657	$1.37	55d	1	0.07mi
306 Constanza Trl Bastrop, TX	4.0	2.0	1427	$2,200	$1.54	184d	1	0.10mi
306 Constanza Trl Bastrop, TX	4.0	2.0	1427	$1,850	$1.30	127d	1	0.10mi
306 Constanza Trl Bastrop, TX	4.0	2.0	1427	$1,850	$1.30	122d	1	0.10mi
321 Puerto Plata Ave Bastrop, TX	4.0	2.5	1754	$2,100	$1.20	134d	1	0.14mi
316 Constanza Trl Bastrop, TX	4.0	2.0	1427	$2,100	$1.47	158d	1	0.14mi
210 Punta Cana St Bastrop, TX	4.0	2.0	1548	$2,200	$1.42	144d	1	0.17mi
107 Isaac Millsaps Trl Bastrop, TX	3.0	2.0	1657	$2,250	$1.36	164d	1	0.17mi
151 Puerto Plata Ave Bastrop, TX	1.0–3.0	1.0–2.0	1104	$2,345	$2.12	0d	12	0.18mi
162 Andross Ln Unit 162 Bastrop, TX	3.0	2.0	1592	$1,840	$1.16	88d	1	0.37mi
162 Andross Ln Bastrop, TX	3.0	2.5	1591	$1,845	$1.16	127d	1	0.37mi
176 Andross Ln Bastrop, TX	3.0	2.5	1611	$1,795	$1.11	134d	1	0.41mi
798 Sam Houston Dr Bastrop, TX	1.0–3.0	1.0–2.0	999	$2,187	$2.19	0d	4	0.44mi
946 Blakey Ln Bastrop, TX	2.0	2.0	1357	$1,791	$1.32	55d	1	0.44mi
946 Blakey Ln Bastrop, TX	2.0	2.0	1357	$1,791	$1.32	6d	1	0.44mi
189 Andross Ln Bastrop, TX	3.0	3.0	1430	$1,750	$1.22	10d	1	0.46mi
194 George Neggan Ln Bastrop, TX	3.0	2.5	1387	$1,750	$1.26	122d	1	0.48mi
133 Patrick Herndon Dr Bastrop, TX	3.0	2.0	1672	$2,350	$1.41	88d	1	0.56mi
135 Smokebush Trl Bastrop, TX	3.0	2.0	1707	$2,200	$1.29	45d	1	0.57mi
149 Patrick Herndon Dr Bastrop, TX	3.0	2.0	1874	$2,300	$1.23	115d	1	0.59mi
149 Patrick Herndon Dr Bastrop, TX	3.0	2.0	1874	$2,300	$1.23	120d	1	0.59mi
149 Hackberry Ln Bastrop, TX	4.0	2.0	1731	$2,300	$1.33	49d	1	0.60mi
307 Wild Cat Dr Bastrop, TX	3.0	2.5	1838	$1,950	$1.06	184d	1	1.06mi
162 Cibolo Creek Loop Bastrop, TX	3.0	2.0	1491	$2,300	$1.54	10d	1	1.09mi
107 Breda Ave Bastrop, TX	3.0	2.0	1634	$2,500	$1.53	145d	1	1.11mi
111 Breda Ave Bastrop, TX	3.0	2.0	1656	$2,260	$1.36	10d	1	1.11mi
218 Wild Cat Dr Bastrop, TX	3.0	2.0	1462	$1,900	$1.30	88d	1	1.12mi
304 Trophy Ct Bastrop, TX	4.0	2.0	1814	$2,150	$1.19	153d	1	1.13mi
304 Trophy Ct Bastrop, TX	4.0	2.0	1814	$2,150	$1.19	184d	1	1.13mi
140 Cibolo Creek Loop Bastrop, TX	3.0	2.0	1742	$2,295	$1.32	145d	1	1.18mi
105 Javelina Trl Bastrop, TX	3.0	2.0	1698	$1,895	$1.12	28d	1	1.19mi
105 Javelina Trl Bastrop, TX	3.0	2.0	1698	$1,895	$1.12	10d	1	1.19mi
302 Bird Dog Bnd Bastrop, TX	3.0	2.0	1664	$1,709	$1.03	69d	1	1.30mi
302 Bird Dog Bnd Bastrop, TX	3.0	2.0	1664	$1,799	$1.08	85d	1	1.30mi
114 Maravillas Bnd Bastrop, TX	3.0	2.5	1857	$1,899	$1.02	120d	1	1.30mi
262 Farm to Market 20 Unit A Bastrop, TX	3.0	2.0	1344	$1,480	$1.10	2d	1	1.43mi
103 Outfitter Dr Bastrop, TX	3.0	2.0	1468	$1,882	$1.28	31d	1	1.46mi

Listing history 50 events

1. 2026-11-08
   days on market $256,990 Active 719 DOM
2. 2026-11-07
   days on market $256,990 Active 718 DOM
3. 2026-11-06
   days on market $256,990 Active 717 DOM
4. 2026-11-05
   days on market $256,990 Active 716 DOM
5. 2026-11-04
   pricedays on market $256,990 Active 715 DOM
6. 2026-11-02
   days on market $260,990 Active 713 DOM
7. 2026-11-01
   days on market $260,990 Active 712 DOM
8. 2026-10-31
   days on market $260,990 Active 711 DOM
9. 2026-10-30
   days on market $260,990 Active 710 DOM
10. 2026-10-29
    days on market $260,990 Active 709 DOM
11. 2026-10-28
    days on market $260,990 Active 708 DOM
12. 2026-10-27
    days on market $260,990 Active 707 DOM
13. 2026-10-26
    days on market $260,990 Active 706 DOM
14. 2026-10-26
    days on market $260,990 Active 705 DOM
15. 2026-10-24
    days on market $260,990 Active 704 DOM
16. 2026-10-23
    days on market $260,990 Active 703 DOM
17. 2026-10-22
    days on market $260,990 Active 702 DOM
18. 2026-10-21
    days on market $260,990 Active 701 DOM
19. 2026-10-20
    days on market $260,990 Active 700 DOM
20. 2026-10-19
    days on market $260,990 Active 699 DOM
21. 2026-10-18
    days on market $260,990 Active 698 DOM
22. 2026-10-17
    days on market $260,990 Active 697 DOM
23. 2026-10-16
    days on market $260,990 Active 696 DOM
24. 2026-10-15
    days on market $260,990 Active 695 DOM
25. 2026-10-14
    days on market $260,990 Active 694 DOM
26. 2026-10-13
    days on market $260,990 Active 693 DOM
27. 2026-10-12
    days on market $260,990 Active 692 DOM
28. 2026-10-11
    days on market $260,990 Active 691 DOM
29. 2026-10-10
    days on market $260,990 Active 690 DOM
30. 2026-10-09
    days on market $260,990 Active 689 DOM
31. 2026-10-08
    days on market $260,990 Active 688 DOM
32. 2026-10-07
    days on market $260,990 Active 687 DOM
33. 2026-10-06
    days on market $260,990 Active 686 DOM
34. 2026-10-05
    days on market $260,990 Active 685 DOM
35. 2026-10-04
    days on market $260,990 Active 684 DOM
36. 2026-10-04
    days on market $260,990 Active 683 DOM
37. 2026-10-02
    days on market $260,990 Active 682 DOM
38. 2026-10-01
    days on market $260,990 Active 681 DOM
39. 2026-09-30
    days on market $260,990 Active 680 DOM
40. 2026-09-29
    days on market $260,990 Active 679 DOM
41. 2026-09-28
    days on market $260,990 Active 678 DOM
42. 2026-09-27
    days on market $260,990 Active 677 DOM
43. 2026-09-25
    days on market $260,990 Active 675 DOM
44. 2026-09-24
    days on market $260,990 Active 674 DOM
45. 2026-09-23
    days on market $260,990 Active 673 DOM
46. 2026-09-22
    days on market $260,990 Active 672 DOM
47. 2026-09-21
    days on market $260,990 Active 671 DOM
48. 2026-09-20
    days on market $260,990 Active 670 DOM
49. 2026-09-19
    days on market $260,990 Active 669 DOM
50. 2026-09-18
    days on market $260,990 Active 668 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $24,807
• − Mortgage interest: −$14,923
• − Property taxes: −$3,996
• − Insurance: −$1,332
• − Repairs & maintenance: −$1,985
• − Management: −$1,985
• − Depreciation: −$7,750
• Taxable loss: −$7,163
• Est. tax savings @ 24.0%: +$1,719
• After-tax cash flow: $-776/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This two-story home in Bastrop, TX is in excellent condition with a good condition score of 80. It offers a well-maintained interior and exterior, making it a move-in-ready property with minimal updates needed to maximize its value.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Resale Replace countertops — Modernizes kitchen and adds value ↑
• Both Install smart home devices — Improves convenience and adds value ↑

F Composite school gradezoned avg 36/100

Zoned Schools

Elementary Mina El D- TX #1,006/4,322 Nat'l #14,504/41,679 Middle Bastrop Middle F TX #971/1,662 Nat'l #8,317/14,009 High Bastrop H S F TX #1,170/1,632 Nat'l #11,740/17,239

Schools (NCES district)

• District: Bastrop ISD
• NCES district ID: 4809570
• Math proficiency: 25% ▼ -13.00%
• Reading proficiency: 28% ▼ -4.00%
• Median HH income: $56,010
• Composite: 23.87/100
• National rank: #7799
• State rank: #670 of 826 in TX

C Composite livability gradescore 62/100

Livability — Bastrop

• Score: 62/100
• State rank: #947
• US rank: #16846

Category grades

Amenities D Commute F Cost of living A Crime F Employment D Housing A+ Health & safety B- User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bastrop County · 94,260 people
• City population: 38,190
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 38,190
• Household income: $89,968
• Rent vs Own: 29.2% rent · 70.8% own
• Severe rent burden: 4% of renters

---

Population outlook (Bastrop County) Hauer SSP2

• Today (2025): 94,260 people
• By 2030: 101,355 · +7.5%
• By 2040: 115,578 · +22.6%
• By 2050: 129,464 · +37.3%
• By 2075: 168,068 · +78.3%
• By 2100: 194,857 · +106.7%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 54% Hispanic / Latino 36% Two or more races 17% Black 6% Native American 1%
• Hispanic origin (detail): Mexican 28% Puerto Rican 2%
• Languages at home: 75% English-only · Spanish 23% German/W. Germanic 1%

---

Political lean MEDSL · Bastrop

• 2024 margin: R (+18.4) · D 40.2% · R 58.6% · Other 1.2%
• 2008→2024 swing: -10.2pp toward R · 2008: -8.2pp · 2024: -18.4pp
• All cycles: 2024: R+18.4 2020: R+13.8 2016: R+20.4 2012: R+17.0 2008: R+8.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -73.68%
• Current HPI: 247.1145
• Rent YoY: ▼ -2.04%
• Metro: Austin-Round Rock-Georgetown, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

---

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-16.1% since first listed

6 events — show timeline

• 2026-05-09 Price Changed $259,990 Zillow
• 2026-02-03 Price Changed $273,990 Zillow
• 2025-08-20 Price Changed $272,990 Zillow
• 2025-03-18 Price Changed $271,990 Zillow
• 2024-12-19 Price Changed $269,990 Zillow
• 2024-11-19 Listed $309,990 Zillow