14400 Wahlbergs Way · Elgin, TX 78621

$358,900

5 bd · 3.5 ba · 2,470 sqft · Land · 9 Days on market

Built 2026 6,168 sqft lot $145/sqft · at area comps Est $368k · at est. $35/mo HOA · 2% of rent ↓ 2% since listing

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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).

• Appreciation +10.0/10.0
• ARV discount +8.6/15.0
• Cash flow +7.9/30.0
• Livability +3.7/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• DSCR +1.9/10.0
• 1% rule +1.5/10.0

Listing remarks

The two-story, five-bedroom Torres plan has it all including a corner lot! A covered front porch greets you and as you step inside, you instantly feel at “home”. The spacious family room connects to the dining area and upgraded kitchen, allowing you to never miss out on the small moments. An impressive master suite, located on the first level, is the perfect way to end each day. Upstairs, a game room awaits for hours of laughter, competition, and fun for the whole family. The Torres plan is the perfect place to establish roots and start living your best life. Ask about our interest rate specials, contact the LGI Homes Information Center for more details!

Key facts

• Covered front porch
• Upgraded kitchen
• Game room

Tags

• CORNER LOT
• COVERED FRONT PORCH
• SPACIOUS FAMILY ROOM
• UPGRADED KITCHEN
• IMPRESSIVE MASTER SUITE
• GAME ROOM

Property features AI

Finance

• HOA & community: Homeowners association (Homestead Estates Homeowner's Assoc.); Annual association fee of $420 covering common area maintenance; Community amenities include pool, playground, dog park, sport courts, trails/paths, barbecue areas, common grounds, community mailbox, curbs, street lights, and internet access

Exterior

• Parking: Attached garage with 2 garage spaces and garage door opener; Concrete driveway; Lighted parking; Space for a total of 4 vehicles (2 covered)
• Security: Smoke detectors; Carbon monoxide detectors
• Utilities: Public water; Public sewer; Electricity available; Underground utilities; Cable and phone available
• Home design: Two-story single-family home; New construction (builder: LGI Homes – Texas, LLC); Faces southeast; Main entry on front
• Construction: Built with HardiPlank and vinyl siding; Concrete construction elements; Radiant barrier; Attic/crawl hatchway(s) insulated; Glass features; Shingle (fiberglass) roof; Slab foundation
• Exterior features: Front covered porch; Covered patio; Fenced backyard with wood gate; Automatic in-ground sprinklers; Corner lot with front and back yard; Community pool

Interior

• Kitchen: Granite counters; Breakfast bar; Dining area; Kitchen/family room combo; Pantry; Dishwasher; Free-standing electric range; Microwave; Refrigerator; Stainless steel appliances; Plumbed for ice maker
• Bedrooms: One main-level bedroom
• Flooring: Carpet; Vinyl
• Bathrooms: Three full bathrooms; One half bathroom; Double vanity in primary bath; Separate shower; Soaking tub
• Heating & cooling: Central heating (electric, heat pump); Central air conditioning (electric); Smart thermostat
• Interior features: Open floorplan with multiple living areas; Entrance foyer; Ceiling fan(s); Recessed lighting; Granite counters; Breakfast bar; Pantry; Interior steps; Soaking tub; Double vanity; Walk-in closet(s); Main level primary; High speed internet; Low emissivity vinyl windows with screens
• Laundry & utility: Upper-level laundry room

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath land listed at $359k.

Deal economics

• At list price, monthly cash flow is $-388 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $290k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $233k (35.2% below list).
• Recommended offer: $233k (35.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#167 in TX, #4,404 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, amenities F, commute F.
• Elgin ISD (rural): math 17% / reading 26% proficiency, ranked #741 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.1%/yr); 807 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 17,121 units permitted in Travis County in 2024 (11,963 in 5+ unit buildings).

Forward outlook

• In year one you build about $38k of equity ($2k loan paydown + $36k appreciation (10.0% local appreciation)).
• Travis County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$62k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts 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.

Recommended offer $232,557 (35.2% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 0.65% ✗
• Cap rate: 4.99%
• Cash-on-cash: -4.64%
• DSCR: 0.79
• GRM: 12.9

CMA / ARV

• ARV (median comp): $367,559
• List price: $358,900
• Delta: -3.99%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.12% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 2.70×
• Total profit: $170,901
• Equity at exit: $323,326

10-year hold

• IRR: 19.1%
• Equity multiple: 6.20×
• Total profit: $523,051
• Equity at exit: $697,264

Cash invested: $100,492 (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 78621

• Home prices YoY: 7.6%
• Rents YoY: 3.1%
• Active inventory: 807
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $2,326 high
• Mortgage (P&I): −$1,882
• Tax from tax record: −$159 /mo · $1,905/yr
• Insurance: −$150
• HOA: −$35
• Vacancy / Maint / Mgmt: −$488
• Net cashflow: $-388

Break-even live

Break-even rent $2,817

Max offer price $290,323

Occupancy floor —

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: $89,725
• Closing costs: $10,767
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18300 Speculator Ln Elgin, TX	4.0	2.0	1794	$1,995	$1.11	23d	1	0.07mi
17001 Dusty Boots Ln Elgin, TX	5.0	2.5	2542	$1,945	$0.77	20d	1	0.15mi
18501 Spotted Eagle Ln Elgin, TX	5.0	3.5	2891	$2,800	$0.97	3d	1	0.15mi
14101 Prospector Way Unit 14101 Elgin, TX	4.0	2.5	2198	$2,099	$0.95	23d	1	0.23mi
14101 Prospector Way Elgin, TX	4.0	2.5	2198	$2,099	$0.95	43d	1	0.23mi
17041 Dusty Boots Ln Elgin, TX	5.0	2.5	2542	$2,370	$0.93	3d	1	0.23mi
16429 Farmhouse Ln Elgin, TX	5.0	2.5	2542	$2,000	$0.79	2d	1	0.23mi
14300 Boomtown Way Elgin, TX	4.0	2.0	1794	$2,050	$1.14	23d	1	0.25mi
18741 Speculator Ln Elgin, TX	5.0	2.5	2542	$1,980	$0.78	23d	1	0.31mi
18505 Quiet Range Dr Unit 18505 Elgin, TX	4.0	2.0	1794	$1,785	$0.99	4d	1	0.32mi
18505 Quiet Range Dr Elgin, TX	4.0	2.0	1794	$1,950	$1.09	23d	1	0.32mi
18525 Quiet Range Dr Elgin, TX	4.0	2.0	1794	$1,725	$0.96	17d	1	0.33mi
18612 Allen Welch Dr Elgin, TX	4.0	2.0	1794	$1,885	$1.05	4d	1	0.35mi
19024 Quiet Range Dr Elgin, TX	5.0	2.5	2542	$1,995	$0.78	43d	1	0.39mi
18721 Quiet Range Dr Elgin, TX	3.0–5.0	2.0–3.5	1773	$2,820	$1.59	1d	1	0.48mi
11524 Rush Ln Elgin, TX	4.0	3.0	2473	$2,300	$0.93	43d	1	0.70mi
19017 Romano Dr Elgin, TX	4.0	3.0	2473	$2,198	$0.89	4d	1	0.72mi
722 Lavaca Loop Elgin, TX	4.0	2.5	2075	$1,895	$0.91	17d	1	1.14mi
18436 Weatherby Ln Elgin, TX	4.0	2.5	2095	$2,000	$0.95	4d	1	1.37mi

HOA detail

• Monthly dues: $35 · $420/yr

Listing history 20 events

1. 2026-06-18
   days on market $358,900 Active 9 DOM
2. 2026-06-17
   days on market $358,900 Active 8 DOM
3. 2026-06-16
   days on market $358,900 Active 7 DOM
4. 2026-06-15
   days on market $358,900 Active 6 DOM
5. 2026-06-13
   days on market $358,900 Active 4 DOM
6. 2026-06-10
   days on marketlisting id $358,900 Active 1 DOM
7. 2026-06-08
   days on market $358,900 Active 31 DOM
8. 2026-06-07
   days on market $358,900 Active 30 DOM
9. 2026-06-04
   days on market $358,900 Active 27 DOM
10. 2026-06-03
    days on market $358,900 Active 26 DOM
11. 2026-06-02
    days on market $358,900 Active 25 DOM
12. 2026-06-01
    days on market $358,900 Active 24 DOM
13. 2026-05-31
    days on market $358,900 Active 23 DOM
14. 2026-05-08
    listed $352,900 Active 674-char remark
15. 2026-04-23
    status Active
16. 2026-04-23
    price
17. 2026-04-08
    status Pending
18. 2026-04-08
    listed Active
19. 2026-03-12
    price
20. 2026-02-25
    listed Active

ⓘ 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: $1,905 · $159/mo
• Projected year-2 tax: $6,568 · $547/mo
• Expected delta: +$4,663/yr (+$389/mo · 244.8%)

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

Taxation est. · year 1

• Rental income: $27,907
• − Mortgage interest: −$20,104
• − Property taxes: −$1,905
• − Insurance: −$1,794
• − Repairs & maintenance: −$2,233
• − Management: −$2,233
• − HOA: −$420
• − Depreciation: −$10,441
• Taxable loss: −$11,222
• Est. tax savings @ 24.0%: +$2,693
• After-tax cash flow: $-1,965/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: Elgin ISD
• NCES district ID: 4818360
• Math proficiency: 17% ▼ -9.00%
• Reading proficiency: 26% ▼ -5.00%
• Median HH income: $55,176
• Composite: 19.62/100
• National rank: #8749
• State rank: #741 of 826 in TX

Livability — Elgin

• Score: 74/100
• State rank: #167
• US rank: #4404

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Elgin, TX
• County: Bastrop County · 68,601 people
• City population: 27,860
• Metro: Austin-Round Rock-Georgetown, TX
• Population (ZIP): 30,411
• Household income: $98,534
• Rent vs Own: 18.9% rent · 81.1% own
• Severe rent burden: 235.0

Population outlook (Travis County) Hauer SSP2

• Today (2025): 1,545,133 people
• By 2030: 1,729,269 · +11.9%
• By 2040: 2,097,596 · +35.8%
• By 2050: 2,463,890 · +59.5%
• By 2075: 3,249,374 · +110.3%
• By 2100: 3,801,868 · +146.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Hispanic / Latino 46% White 38% Two or more races 19% Black 11% Native American 1%
• Hispanic origin (detail): Mexican 38%
• Common ancestry: Slovak 2% Italian 2% Romanian 1%
• Foreign-born: 17% · Canada, Vietnam
• Languages at home: 63% English-only · Spanish 36%

Political lean MEDSL · Travis

• 2024 margin: Solid D (+39.3) · D 68.8% · R 29.4% · Other 1.8%
• 2008→2024 swing: +9.9pp toward D · 2008: 29.4pp · 2024: 39.3pp
• All cycles: 2024: D+39.3 2020: D+45.0 2016: D+38.9 2012: D+23.9 2008: D+29.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 29.47%
• Current HPI: 416.87
• Rent YoY: ▲ 3.12%
• 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

-1.6% since first listed

13 events — show timeline

• 2026-06-12 Price Changed $2,820 ACTRIS
• 2026-06-09 Listed $358,900 Unlock MLS
• 2026-06-09 Delisted — Unlock MLS
• 2026-05-29 Price Changed $2,765 ACTRIS
• 2026-05-28 Price Changed — Unlock MLS
• 2026-05-20 Listed for Rent $2,865 ACTRIS
• 2026-05-08 Listed — Unlock MLS
• 2026-04-23 Relisted — Unlock MLS
• 2026-04-23 Price Changed — Unlock MLS
• 2026-04-08 Pending — Unlock MLS
• 2026-04-08 Listed — Unlock MLS
• 2026-03-12 Price Changed — Unlock MLS
• 2026-02-25 Listed — Unlock MLS

Property tax history

+0.0%/yr

Latest (2026): $1,905 · +0.0% YoY. Source: county tax records.