Income-Producing Ranch Portfolio in Bastrop, Texas! This stunning 221-acre ranch offers a rare chance to acquire a turnkey, income-producing portfolio in one of Central Texas’s fastest-growing markets. The property combines residential rental income, hay production, and land value growth in a location just minutes from downtown Bastrop and an easy drive to Austin. The portfolio includes 12 rental-ready homes: a barn, a spacious main residence, a guest cabin, and 10 recently built 2–3 bedroom homes (each featuring quality finishes, stainless steel appliances, wood cabinetry, quartz counters, and covered porches). With strong market demand in Bastrop, the rental income potential is significant. In addition, the ranch supports an established hay operation with reliable production. Multiple ponds, cross-fencing for cattle, and a current agricultural exemption help keep operating costs low while also providing tax advantages that add to the property’s investment appeal. Purchase flexibility further enhances the opportunity, with options to acquire the full ranch and hay operation, the rental portfolio on a smaller acreage, or alternative land splits depending on investment goals. With immediate leasing potential, dependable agricultural revenue, and multiple exit strategies, this property stands out as both a working ranch and an investment vehicle. For investors seeking steady cash flow with upside appreciation in a thriving corridor, 303 Bobs Trail delivers on every level. Options include acquiring the full 221-acre portfolio with hay operation ($6.6M, projected NOI ~$408,000 at a 6.18% cap), this rental portfolio on 25 acres ($3.99M, projected NOI ~$288,000 at a 7.26% cap), or alternative splits of 100 acres with structures, 121 acres land only, or 196 acres land only. With immediate leasing potential, reliable agricultural revenue, and multiple exit strategies, this property stands out as both a working ranch and an investment vehicle. For investors seeking steady cash flow with upside appreciation in a thriving corridor, 303 Bobs Trail delivers on every level.