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$648,277

NAL Estimated Property Value

1223 Delano ST 1, Austin, TX, 78721

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths1,852 Sq Ft
price_per_sqft$369.87 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free Standing Range, Disposal, Microwave, Stainless Steel Appliances
FlooringTile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size3,541 sqft

Building Information

Year Built2023
Stories3
Garage Spaces1

Land Information

APN0209231202
Subdivision1223 Delano Street Site Condominiums
Land UseCondo
Legal Description1223 DELANO STREET SITE CONDOMINIUMS UNT 1 PLUS 50 % INT IN COM AREA
Census Tract002110
Assessed Land Value$112,500
Assessed Improvement Value$535,777
Assessment Year2025

About this property

1-1 Buydown and no refinance fees with preferred lender!! Brand new construction from Carr Residential. Backed by 1-2-6 Warranty. Gorgeous open concept floor plan – Extremely Rare Full 4/4 in east Austin. Features include beautiful hardwood floors throughout, large peninsula with seating, stylish pendant lighting, quartz countertops, and a Whirlpool stainless steel appliance package. Stunning primary suite showcasing high ceilings, gorgeous natural light, a contemporary ensuite with massive walk-in shower, and a huge walk-in closet. Relaxing third story balcony! A lovely privately fenced backyard is the ideal place to relax under the covered patio – featuring the perfect blend of fresh sod and xeriscaping. Spray foam insulation, tankless hot water, fully insulated garage. Fantastic location with just a short trip to downtown Austin, North Austin tech hub, Samsung, Tesla, Austin FC Stadium, & the Domain. Easy access to I-35, 183, Mopac, and 45 toll. *Site Condo - No HOA dues*

Investor Tools

Property Icon
$648,277
Estimated Property Value
$574,498Estimated Mortgage Balance
$73,779Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,110 /month
Positive
Cash Flow Estimate:
$1,370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,970
$648,277
2025
$112,500
$535,777
$648,277
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,970
$648,277

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$594,000
No
First
Jul 16, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$574,498
$73,779
11%
89%
$3,562/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$3,562/mo
$-1,146/mo
4.5%

Learn About the Market: Opportunity in Austin

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Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

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Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1223 Delano ST 1 | Property Details | No Agent List