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8015 Purple Aster Pass
D Composite 42.31
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 +7.5/30.0
  • Schools +4.2/10.0
  • Condition / age +3.8/5.0
  • Livability +3.6/5.0
  • 1% rule +3.5/10.0
  • Rent growth +3.2/5.0
  • DSCR +1.6/10.0
  • Appreciation +0.0/10.0

$334,900

8015 Purple Aster Pass · Lago Vista, TX 78645
4 bd · 3.0 ba · 2,395 sqft · SingleFamily public records · 21 Days on market
Built 2022 Good condition 7,100 sqft lot Garage $140/sqft · 27% below area Est $460k · 27% under $78/mo HOA · 3% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Live the Lago Vista lifestyle at Lakeside at Tessera! Practically new and beautifully cared for, this four-bedroom home offers the perfect blend of comfort, style, and Hill Country living. The main level features a spacious primary suite, open living area, and a gorgeous kitchen with quartz countertops, large island, gas range, and rolling hill views from the kitchen sink. Laminate flooring flows throughout the downstairs. Upstairs, enjoy a spacious game room, three additional bedrooms, and two full baths—perfect for family and guests. Outside your door, enjoy the lake, community boat ramp, playground, infinity-edge pool, amenity center, and miles of walking and biking trails.

Key facts

  • Quartz countertops
  • Community boat ramp
  • Gorgeous kitchen

Tags

GORGEOUS KITCHENQUARTZ COUNTERTOPSLARGE ISLANDROLLING HILL VIEWSSPACIOUS GAME ROOMCOMMUNITY BOAT RAMP

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/3.0-bath single-family listed at $335k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-423 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $260k (22.3% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $283k (15.5% below list).
  • Recommended offer: $260k (22.3% below list) — sets the bar for cash-flow.
  • Cap rate 4.8% vs local median 2.3% in Lago Vista — 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 72/100 on livability (#275 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
  • Lago Vista ISD (rural): math 33% / reading 51% proficiency, ranked #269 of 826 in TX (top 33%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Lago Vista El (math 32% / reading 47%, grade F, #1,545 of 4,322 statewide, top 38%, 502 students, 34% FRL); Lago Vista Middle (math 28% / reading 47%, grade F, #736 of 1,662 statewide, top 45%, 433 students, 25% FRL); Lago Vista H S (math 42% / reading 57%, grade D, #509 of 1,632 statewide, top 34%, 636 students, 22% FRL) — zoned schools at 27% FRL track the district average.
  • Market conditions: Rents rising (+3.0%/yr); 1388 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 17,121 units permitted in Travis County in 2024 (11,963 in 5+ unit buildings).
  • This rent runs 30% of the median local income ($113k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
  • Travis County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 21 days — a 2% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
  • 5 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.

Risks & watch-outs

  • Climate carrying-cost: major wind risk, 61% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $260,132 (22.3% 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. 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
0.85%
Cap rate
4.78%
Cash-on-cash
-5.42%
DSCR
0.76
GRM
9.9

CMA / ARV

ARV (median comp)
$459,863
List price
$334,900
Delta
-27.17%
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
22809 Agave Grove Dr 0.19mi 4/3.5 2,425 (+1%) 2mo $345,000 $142 85
22913 Agave Grove Dr 0.22mi 4/3.5 2,395 (0%) 6mo $355,000 $148 82
8119 Prairie Rye Dr 0.38mi 3/2.5 (-1) 2,359 (-2%) 6mo $435,000 $184 68
8014 Shining Flor Run 0.47mi 5/2.5 (+1) 2,386 (-0%) 3mo $376,900 $158 68
22610 Fountaingrass Ln 0.45mi 3/2.5 (-1) 2,483 (+4%) 1mo $449,000 $181 65
8512 Pine Muhly Dr 0.69mi 4/3.0 2,422 (+1%) 5mo $524,950 $217 62
8006 Shining Flor Run 0.44mi 4/2.5 2,261 (-6%) 7mo $379,900 $168 62
22610 Maidengrass Ln 0.43mi 4/2.5 2,240 (-6%) 6mo $439,000 $196 62
7705 Pace Ravine Dr 0.39mi 4/3.0 2,118 (-12%) 3mo $420,000 $198 60
22600 Fountaingrass Ln 0.41mi 4/2.0 2,104 (-12%) 7mo $385,000 $183 51
8010 Shining Flor Run 0.45mi 5/3.0 (+1) 2,040 (-15%) 4mo $374,900 $184 46
8013 Shining Flor Run 0.44mi 3/3.5 (-1) 2,078 (-13%) 6mo $369,900 $178 46

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 · 2.98% rent growth · sell at horizon

5-year hold
IRR
-25.5%
Equity multiple
0.14×
Total profit
$-81,027
Equity at exit
$49,935
10-year hold
IRR
-21.5%
Equity multiple
-0.11×
Total profit
$-104,467
Equity at exit
$28,956

Cash invested: $93,772 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
48 active · 21 under contract
Months of supply
19.2 mo (5%/mo absorbed)
Median asking
$459,475 ($200/sqft)
Median days on market
112 d
This list price
4% of active listings are priced below it
ARV vs active asking
-3.9% vs current asking $/sqft

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

ZIP-level market 78645

Home prices YoY
-31.6%
Rents YoY
3.0%
Active inventory
1388
Price-to-rent
9.9×

Monthly cashflow live

Estimated rent
$2,830 high interval (Pro) →
Mortgage (P&I)
$1,756
Tax from tax record
$685 /mo · $8,224/yr
Insurance
$140
HOA
$78
Vacancy / Maint / Mgmt
$594
Net cashflow
$-423

Break-even live

Break-even rent $3,366
Max offer price $260,132
Occupancy floor

Sensitivity live

Price -10% $-234 -5% $-328 +0% $-423 +5% $-518 +10% $-613
Rent -10% $-647 -5% $-535 +0% $-423 +5% $-311 +10% $-200
Rate -1.0pp $-255 -0.5pp $-338 base $-423 +0.5pp $-510 +1.0pp $-598

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
$83,725
Closing costs
$10,047
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 20 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
22813 Agave Grove Dr Lago Vista, TX 3.0 2.5 1638 $1,925 $1.18 100d 1 0.17mi
22813 Agave Grove Dr Lago Vista, TX 3.0 2.5 1638 $2,075 $1.27 7d 1 0.17mi
8112 Turning Leaf Cir Leander, TX 4.0 3.5 2536 $3,850 $1.52 0d 1 0.17mi
22313 Hidden Sage Cir Lago Vista, TX 5.0 4.0 3289 $3,395 $1.03 0d 1 0.23mi
8000 Prairie Rye Dr Lago Vista, TX 5.0 2.5 2645 $2,495 $0.94 42d 1 0.26mi
8000 Prairie Rye Dr Lago Vista, TX 5.0 2.5 2645 $2,495 $0.94 56d 1 0.26mi
22509 Agave Grove Dr Lago Vista, TX 4.0 3.0 2263 $2,650 $1.17 40d 1 0.32mi
8200 Prairie Rye Dr Lago Vista, TX 3.0 2.0 2100 $2,500 $1.19 24d 1 0.38mi
7705 Pace Ravine Dr Lago Vista, TX 4.0 3.0 2118 $2,399 $1.13 40d 1 0.38mi
7609 Turnback Ledge Trl Lago Vista, TX 4.0 3.0 2443 $2,790 $1.14 10d 1 0.42mi
22614 Fountaingrass Ln Lago Vista, TX 3.0 2.0 2082 $2,600 $1.25 24d 1 0.46mi
22614 Fountaingrass Ln Lago Vista, TX 3.0 2.0 2082 $2,600 $1.25 0d 1 0.46mi
8604 Pine Muhly Dr Meadowlakes, TX 5.0 4.0 3072 $3,190 $1.04 0d 1 0.68mi
22300 Lago Lookout Ln Lago Vista, TX 3.0 3.0 2527 $2,590 $1.02 24d 1 0.71mi
8512 Red Bottle Brush Rd Meadowlakes, TX 3.0 2.5 1933 $2,700 $1.40 0d 1 0.76mi
22419 Red Sage Cv Meadowlakes, TX 4.0 3.0 2068 $2,800 $1.35 139d 1 0.84mi
7801 Dakota Cir Lago Vista, TX 3.0 2.0 1813 $2,250 $1.24 84d 1 1.00mi
20806 Northland Cir Lago Vista, TX 3.0 2.5 1962 $3,500 $1.78 24d 1 1.32mi
8424 Bronco Buster Trl Lago Vista, TX 3.0 2.5 2185 $2,776 $1.27 43d 1 1.40mi
20629 Adobe Trl Lago Vista, TX 5.0 2.5 2836 $3,400 $1.20 78d 1 1.46mi

Property features AI

Finance

HOA & community
Part of a homeowners association (Lakeside at Tessera)Monthly association fee of $78Association fee covers common area maintenanceCommunity amenities: barbecue, common grounds, community mailbox, curbs, lake access, playground, park, pool, sport courts, street lights, sidewalks, trails/paths

Exterior

Parking
Garage2 garage spaces4 total parking spaces2 covered spaces
Security
Pre-wiredSmoke detectors
Utilities
Electricity connectedNatural gas connectedPublic waterPublic sewerUnderground utilities
Home design
2-story homeNorth-facingSlab foundationResale property
Construction
Brick and stucco constructionComposition roofBuilt (year per public records)
Exterior features
Covered rear porchWrought iron fencingSprinklers (in-ground)Corner lotLake Travis viewCommunity pool

Interior

Kitchen
DishwasherFree-standing gas ovenFree-standing gas rangeDisposal
Bedrooms
1 main-level bedroom
Flooring
CarpetLaminateTile
Bathrooms
3 full bathrooms1 half bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
Open floorplanInterior stepsKitchen islandPantryQuartz countersRecessed lightingSoaking tubWalk-in closet(s)Double pane windowsMain level primary
Laundry & utility
Laundry in hall on main level

HOA detail $78/mo · $936/yr

Likely covers
gaspool

Listing history 50 events

  1. 2026-09-24
    days on market $334,900 Active 21 DOM
  2. 2026-09-23
    days on market $334,900 Active 20 DOM
  3. 2026-09-22
    days on market $334,900 Active 19 DOM
  4. 2026-09-21
    days on market $334,900 Active 18 DOM
  5. 2026-09-20
    days on market $334,900 Active 17 DOM
  6. 2026-09-19
    days on market $334,900 Active 16 DOM
  7. 2026-09-18
    days on market $334,900 Active 15 DOM
  8. 2026-09-17
    days on market $334,900 Active 14 DOM
  9. 2026-09-16
    days on market $334,900 Active 13 DOM
  10. 2026-09-15
    days on market $334,900 Active 12 DOM
  11. 2026-09-14
    days on market $334,900 Active 11 DOM
  12. 2026-09-13
    days on market $334,900 Active 10 DOM
  13. 2026-09-12
    days on market $334,900 Active 9 DOM
  14. 2026-09-11
    pricedays on market $334,900 Active 8 DOM
  15. 2026-09-05
    days on market $339,900 Active 2 DOM
  16. 2026-09-03
    remarks 693-char remark
  17. 2026-09-03
    pricedays on marketlisting id $339,900 Active 1 DOM
  18. 2026-07-31
    days on market $344,900 Active 420 DOM
  19. 2026-07-30
    days on market $344,900 Active 419 DOM
  20. 2026-07-30
    days on market $344,900 Active 418 DOM
  21. 2026-07-28
    days on market $344,900 Active 417 DOM
  22. 2026-07-26
    days on market $344,900 Active 415 DOM
  23. 2026-07-24
    days on market $344,900 Active 413 DOM
  24. 2026-07-23
    days on market $344,900 Active 412 DOM
  25. 2026-07-22
    days on market $344,900 Active 411 DOM
  26. 2026-07-21
    days on market $344,900 Active 410 DOM
  27. 2026-07-20
    days on market $344,900 Active 409 DOM
  28. 2026-07-18
    days on market $344,900 Active 407 DOM
  29. 2026-07-18
    days on market $344,900 Active 406 DOM
  30. 2026-07-16
    days on market $344,900 Active 405 DOM
  31. 2026-07-15
    days on market $344,900 Active 404 DOM
  32. 2026-07-14
    days on market $344,900 Active 403 DOM
  33. 2026-07-13
    days on market $344,900 Active 402 DOM
  34. 2026-07-13
    days on market $344,900 Active 401 DOM
  35. 2026-07-11
    days on market $344,900 Active 400 DOM
  36. 2026-07-10
    days on market $344,900 Active 399 DOM
  37. 2026-07-09
    days on market $344,900 Active 398 DOM
  38. 2026-07-07
    days on market $344,900 Active 396 DOM
  39. 2026-07-06
    days on market $344,900 Active 395 DOM
  40. 2026-07-05
    days on market $344,900 Active 394 DOM
  41. 2026-07-03
    days on market $344,900 Active 392 DOM
  42. 2026-07-02
    days on market $344,900 Active 391 DOM
  43. 2026-07-01
    days on market $344,900 Active 390 DOM
  44. 2026-06-30
    days on market $344,900 Active 389 DOM
  45. 2026-06-29
    days on market $344,900 Active 388 DOM
  46. 2026-06-28
    days on market $344,900 Active 387 DOM
  47. 2026-06-27
    days on market $344,900 Active 386 DOM
  48. 2026-06-26
    days on market $344,900 Active 385 DOM
  49. 2026-06-24
    days on market $344,900 Active 383 DOM
  50. 2026-06-22
    days on market $344,900 Active 381 DOM

ⓘ 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
$8,224 · $685/mo
Projected year-2 tax
$8,224 · $685/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 ≥107°F today · 26 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 61% chance of damaging wind over 30 yrs
  • 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$33,963
− Mortgage interest
−$18,760
− Property taxes
−$8,224
− Insurance
−$1,674
− Repairs & maintenance
−$2,717
− Management
−$2,717
− HOA
−$936
− Depreciation
−$9,743
Taxable loss
−$10,808
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,594
After-tax cash flow
$-2,485/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 · 0 photos

Good 75/100 Cosmetic rehab Est. rehab $11,975–$35,925 screening

This 2-story home is in good condition with modern amenities and a desirable location. It is move-in ready with minor cosmetic improvements that could further enhance its value.

Value-add opportunities

  • Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
  • Both Landscaping and curb appeal improvements — Enhances curb appeal and adds value
  • Both Upgrade lighting fixtures — Improves ambiance and safety
  • Both Install smart home technology — Enhances convenience and adds value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Lago Vista El F TX #1,545/4,322 Nat'l #19,648/41,679 Middle Lago Vista Middle F TX #736/1,662 Nat'l #6,708/14,009 High Lago Vista H S D TX #509/1,632 Nat'l #5,677/17,239

Schools (NCES district)

District
Lago Vista ISD
NCES district ID
4826400
Math proficiency
33% ▼ -24.00%
Reading proficiency
51% ▼ -11.00%
Median HH income
$73,671
Composite
38.35/100
National rank
#4216
State rank
#269 of 826 in TX
B Composite livability gradescore 72/100

Livability — Lago Vista

Score
72/100
State rank
#275
US rank
#6393

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Lago Vista, TX
County
Travis County · 1,545,133 people
City population
15,256
Metro
Austin-Round Rock-Georgetown, TX
Population (ZIP)
15,256
Household income
$113,008
Rent vs Own
9.2% rent · 90.8% own
Severe rent burden
24% of renters

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
Predominantly White (73%)
Race & ethnicity
White 73% Hispanic / Latino 19% Two or more races 11% Black 2%
Hispanic origin (detail)
Mexican 15%
Common ancestry
Italian 7% Slovak 4% Lithuanian 4%
Foreign-born
10% · Canada
Languages at home
85% English-only · Spanish 12% Other Indo-European 1% German/W. Germanic 1%

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

Price history

14 events — show timeline
  • 2026-09-03 Listed $339,900 Unlock MLS
  • 2026-05-27 Price Changed Unlock MLS
  • 2026-05-07 Relisted Unlock MLS
  • 2026-04-30 Contingent Unlock MLS
  • 2026-03-26 Price Changed Unlock MLS
  • 2026-01-12 Price Changed Unlock MLS
  • 2025-10-30 Price Changed Unlock MLS
  • 2025-10-02 Price Changed Unlock MLS
  • 2025-08-28 Price Changed Unlock MLS
  • 2025-07-11 Price Changed Unlock MLS
  • 2025-06-18 Price Changed Unlock MLS
  • 2025-06-06 Listed Unlock MLS
  • 2025-02-19 Relisted Unlock MLS
  • 2025-01-31 Listed Unlock MLS

Property tax history

+77.5%/yr

Latest (2026): $8,224 · -11.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…