324 Kaanapali Ln · Bastrop, TX 78602

$260,000

4 bd · 2.0 ba · 1,518 sqft · SingleFamily public records · 28 Days on market

Built 2012 10,628 sqft lot $171/sqft · 31% below area Est $377k · 31% under

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +8.7/30.0
• Livability +3.1/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Schools +2.4/10.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

Key facts

• Generously sized lot
• Private yard
• Hard flooring

Tags

• PRIVATE YARD
• NATURAL SETTING
• HARD FLOORING
• FUNCTIONAL LAYOUT
• GENEROUSLY SIZED LOT

Property features AI

Finance

• HOA & community: Part of Tahitian Village Property Owners Association; Association fee frequency: see remarks; Community amenities include barbecue, fishing, park, and trails/paths

Exterior

• Parking: Driveway; Parking for 4 vehicles
• Utilities: Electricity connected; Public water; Public sewer
• Home design: Single-story home; Faces south; Resale property; HardiPlank type exterior
• Construction: Built (year per public records); Composition roof; Slab foundation; HardiPlank type construction
• Exterior features: Front porch; Rear porch; Porch; Outdoor lighting; Private yard; Shed(s) / storage; Privacy wood fencing; Interior lot with medium-size trees

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Granite counters; Stone counters
• Bedrooms: Four main-level bedrooms
• Flooring: Concrete
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Ceiling fans; Double vanity; Granite counters; Stone counters; Open floorplan; Multiple closets; Walk-in closet(s); Blinds
• Laundry & utility: Inside laundry; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-217 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $222k (14.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (19.7% below list).
• Recommended offer: $209k (19.7% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.2% 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.
• Market conditions: Rents soft (-2.0%/yr); 1072 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 28 days — a 2% lower offer ($256k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,848 (19.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 5.29%
• Cash-on-cash: -3.57%
• DSCR: 0.84
• GRM: 10.4

CMA / ARV

• ARV (median comp): $376,941
• List price: $260,000
• Delta: -31.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
320 Kaanapali Ln	0.01mi	3/2.0 (-1)	1,474 (-3%)	2mo	$325,000	$220	88
107 Kou Ct	0.06mi	3/2.0 (-1)	1,542 (+2%)	13mo	$355,000	$230	79
102 Moku Ct	0.36mi	3/2.0 (-1)	1,553 (+2%)	9mo	$399,950	$258	67
161 Honopu Dr	0.42mi	3/2.5 (-1)	1,711 (+13%)	1mo	$345,000	$202	52
111 E Kamoi Ct	0.69mi	3/2.0 (-1)	1,615 (+6%)	1mo	$399,900	$248	51
265 Makaha Dr	0.21mi	3/2.0 (-1)	1,744 (+15%)	11mo	$375,000	$215	51
106 Haleakala Ln	0.65mi	3/2.5 (-1)	1,464 (-4%)	8mo	$350,000	$239	50
175 Kahalulu Dr	0.65mi	3/2.5 (-1)	1,550 (+2%)	12mo	$349,900	$226	49
133 Honopu Dr	0.56mi	3/2.0 (-1)	1,660 (+9%)	8mo	$349,900	$211	47
438 Tahitian Dr	0.71mi	3/2.0 (-1)	1,633 (+8%)	3mo	$335,000	$205	47
182 Kaanapali Ln	0.67mi	3/2.5 (-1)	1,642 (+8%)	11mo	$359,500	$219	39
172 Kaanapali Ln	0.71mi	3/2.0 (-1)	1,336 (-12%)	13mo	$339,900	$254	31

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: -25.8%
• Equity multiple: 0.15×
• Total profit: $-61,967
• Equity at exit: $38,767

10-year hold

• IRR: -36.9%
• Equity multiple: -0.31×
• Total profit: $-95,068
• Equity at exit: $22,480

Cash invested: $72,800 (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 →

ZIP-level market 78602

• Home prices YoY: -23.0%
• Rents YoY: -2.0%
• Active inventory: 1072
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,088 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$395 /mo · $4,735/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-217

Break-even live

Break-even rent $2,363

Max offer price $221,753

Occupancy floor —

Sensitivity live

Price	-10% $-69	-5% $-143	+0% $-217	+5% $-290	+10% $-364
Rent	-10% $-381	-5% $-299	+0% $-217	+5% $-134	+10% $-52
Rate	-1.0pp $-86	-0.5pp $-150	base $-217	+0.5pp $-284	+1.0pp $-352

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
129 N Kaupo Dr Unit B Bastrop, TX	3.0	2.0	1422	$1,800	$1.27	17d	1	0.42mi
132 Kahalulu Dr Bastrop, TX	3.0	2.0	1853	$2,375	$1.28	17d	1	0.45mi
119 N Kanaio Dr Unit B Bastrop, TX	3.0	2.0	1800	$1,650	$0.92	3d	1	0.46mi
103 Kaena Ln Bastrop, TX	4.0	2.5	2150	$2,500	$1.16	3d	1	0.51mi
115 Kaena Ln Bastrop, TX	3.0	2.0	1471	$1,850	$1.26	45d	1	0.55mi
200 Mauna Kea Ln Unit B Bastrop, TX	3.0	2.0	1234	$1,650	$1.34	45d	1	0.57mi
103 S Kanaio Dr Unit A Bastrop, TX	3.0	2.0	1565	$1,700	$1.09	45d	1	0.58mi
3950 State Highway 71 Bastrop, TX	1.0–3.0	1.0–2.0	945	$1,850	$1.96	3d	7	1.10mi
828 State Highway 71 Unit 4E Bastrop, TX	3.0	2.0	1200	$1,495	$1.25	21d	1	1.13mi
188 W Kaanapali Ln Bastrop, TX	4.0	3.0	2081	$2,000	$0.96	45d	1	1.36mi

Listing history 23 events

1. 2026-06-02
   statusdays on market $260,000 Pending 28 DOM
2. 2026-06-01
   days on market $260,000 Active 27 DOM
3. 2026-05-31
   days on market $260,000 Active 26 DOM
4. 2026-05-05
   listed $260,000 Active 725-char remark
5. 2021-07-19
   soldstatus
6. 2021-07-16
   soldstatus Closed 413-char remark

   Show marketing remark (413 chars)

   Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

7. 2021-06-16
   historical Active Under Contract 413-char remark

   Show marketing remark (413 chars)

   Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

8. 2021-06-04
   historical 413-char remark

   Show marketing remark (413 chars)

   Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

9. 2021-06-01
   historical Active Under Contract 413-char remark

   Show marketing remark (413 chars)

   Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

10. 2021-05-22
    listed $325,000 Active 413-char remark

    Show marketing remark (413 chars)

    Welcome Home. This amazing home features 4 full bedrooms and 2 baths. Sitting on top of a hill you have beautiful views of the sunset. The backyard is perfect for entertaining with ambient lighting, the firepit, and room to spread out on the deck. The house has stained concrete floors throughout with tall ceilings and an open kitchen and living area. Large storage shed in the back yard for extra storage space.

11. 2017-07-07
    soldstatus
12. 2017-07-06
    soldstatus Sold

    Show marketing remark (387 chars)

    This beautiful 4 bedroom, 2 bath home features stained concrete floors, granite counters, spacious master bath, 2 master closets, large living room with dining and breakfast bar. Fenced backyard with a patio and deck for entertaining. Storage building conveys. Close to Historic downtown Bastrop dining, shopping, nightlife, banks, churches, etc. Only 25 minutes to ABIARestrictions: Yes

13. 2017-06-26
    status Pending

    Show marketing remark (387 chars)

    This beautiful 4 bedroom, 2 bath home features stained concrete floors, granite counters, spacious master bath, 2 master closets, large living room with dining and breakfast bar. Fenced backyard with a patio and deck for entertaining. Storage building conveys. Close to Historic downtown Bastrop dining, shopping, nightlife, banks, churches, etc. Only 25 minutes to ABIARestrictions: Yes

14. 2017-05-24
    status Pending - Taking Backups

    Show marketing remark (387 chars)

    This beautiful 4 bedroom, 2 bath home features stained concrete floors, granite counters, spacious master bath, 2 master closets, large living room with dining and breakfast bar. Fenced backyard with a patio and deck for entertaining. Storage building conveys. Close to Historic downtown Bastrop dining, shopping, nightlife, banks, churches, etc. Only 25 minutes to ABIARestrictions: Yes

15. 2017-05-16
    listed $189,900 Active

    Show marketing remark (387 chars)

    This beautiful 4 bedroom, 2 bath home features stained concrete floors, granite counters, spacious master bath, 2 master closets, large living room with dining and breakfast bar. Fenced backyard with a patio and deck for entertaining. Storage building conveys. Close to Historic downtown Bastrop dining, shopping, nightlife, banks, churches, etc. Only 25 minutes to ABIARestrictions: Yes

16. 2012-08-09
    soldstatus
17. 2011-12-30
    soldstatus Sold
18. 2011-12-30
    soldstatus
19. 2011-12-22
    status Pending
20. 2011-12-08
    historical Temporarily Off Market
21. 2011-12-07
    listed $10,000 Active
22. 2006-03-06
    historical
23. 2006-01-12
    listed

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

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $4,735 · $395/mo
• Projected year-2 tax: $4,758 · $396/mo
• Expected delta: +$23/yr (+$2/mo · 0.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,062
• − Mortgage interest: −$14,564
• − Property taxes: −$4,735
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,005
• − Management: −$2,005
• − Depreciation: −$7,564
• Taxable loss: −$7,111
• Est. tax savings @ 24.0%: +$1,707
• After-tax cash flow: $-891/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.

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

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 · 68,601 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: 775.0

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%
• Common ancestry: Italian 3% Serbian 2% Lithuanian 2%
• Foreign-born: 8% · Canada, Vietnam
• 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

+2500.0% since first listed

21 events — show timeline

• 2026-06-02 Pending — Unlock MLS
• 2026-05-05 Listed $260,000 Unlock MLS
• 2021-07-19 Sold (Public Records) — Public Records
• 2021-07-16 Sold (MLS) — Unlock MLS
• 2021-06-16 Contingent — Unlock MLS
• 2021-06-04 Delisted — Unlock MLS
• 2021-06-01 Contingent — Unlock MLS
• 2021-05-22 Listed $325,000 Unlock MLS
• 2017-07-07 Sold (Public Records) — Public Records
• 2017-07-06 Sold (MLS) — Unlock MLS
• 2017-06-26 Pending — Unlock MLS
• 2017-05-24 Pending — Unlock MLS
• 2017-05-16 Listed $189,900 Unlock MLS
• 2012-08-09 Sold (Public Records) — Public Records
• 2011-12-30 Sold (Public Records) — Public Records
• 2011-12-30 Sold (MLS) — Unlock MLS
• 2011-12-22 Pending — Unlock MLS
• 2011-12-08 Delisted — Unlock MLS
• 2011-12-07 Listed $10,000 Unlock MLS
• 2006-03-06 Delisted — Unlock MLS
• 2006-01-12 Listed — Unlock MLS

Property tax history

+5.8%/yr

Latest (2025): $4,735 · -6.0% YoY. Source: county tax records.