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$413,197

NAL Estimated Property Value

1225 Delano ST 2, Austin, TX, 78721

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,063 Sq Ft
price_per_sqft$493.89 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Microwave, Refrigerator, Stainless Steel Appliances, Tankless Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size3,528 sqft

Building Information

Year Built2023
Stories2
Garage Spaces1

Land Information

APN02092310030000
Subdivision1225 Delano Street Site Condominiums
Land UseCondo
Legal Description1225 DELANO STREET SITE CONDOMINIUMS UNT 2 PLUS 50.0000 % INT IN COM AREA
Census Tract002110
Assessed Land Value$112,500
Assessed Improvement Value$300,697
Assessment Year2025

About this property

Brand new construction from Carr Residential. Backed by 1-2-10 Warranty. Gorgeous open concept floor plan – ideal for entertaining and offers seamless indoor/outdoor living. Features include beautiful hardwood floors throughout, large island with seating, stylish pendant lighting, quartz countertops, and a Whirlpool stainless steel appliance package. Stunning primary suite showcasing a vaulted ceiling, gorgeous natural light, a contemporary ensuite with massive walk-in shower, and a huge walk-in closet, & private access to the second story balcony! A lovely fenced backyard is the ideal place to relax under the covered patio – featuring the perfect blend of fresh sod and xeriscaping to cut down on water usage & lawn maintenance. 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
$413,197
Estimated Property Value
$338,070Estimated Mortgage Balance
$75,127Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,537
$413,197
2025
$112,500
$300,697
$413,197
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,537
$413,197

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Conventional
$350,000
No
First
Dec 1, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$338,070
$75,127
18%
82%
$1,933/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$1,933/mo
$-307/mo
4.7%

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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1225 Delano ST 2 | Property Details | No Agent List