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$175,000

1301 Mckie Cv, Austin, TX, 78752

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths768 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$227.86 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Refrigerator
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size4,003 sqft

Building Information

Year Built1980
Stories1

Land Information

APN02291815440023
Lot NumberH-2
SubdivisionCove Condominiums The
Land UseTownhomes
Legal DescriptionUNT G-2 COVE CONDOMINIUMS THE PLUS 3.5714% INT IN COMMON AREA
Census Tract043300
Assessed Land Value$5,000
Assessed Improvement Value$96,630
Assessment Year2025

About this property

Located at 1301 McKie Cove, this well-maintained 2-bedroom, 1-bathroom property presents an excellent investment opportunity in a rapidly growing Austin location. Renovated approximately six years ago, the home offers a clean and updated interior with thoughtful improvements that make for comfortable everyday living. The property is currently tenant occupied with a strong and consistent tenant in place paying $1,250 per month, creating immediate rental income potential for investors. Conveniently situated with easy access to downtown Austin, the airport, and major employment hubs including The Domain, this location continues to see strong growth and redevelopment activity. Positioned in an up-and-coming area with exciting future potential, this property offers a great opportunity to secure an investment in one of Austin’s steadily evolving corridors. With 768 square feet of functional living space, this property combines location, stability, and long-term upside in a highly accessible part of the city.

Investor Tools

$166,087Estimated Mortgage Balance
$7,255Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,050 /month
Positive
Cash Flow Estimate:
$350 /month

Interested in this property?

Soud Twal

Kuper Sotheby's Int'l Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$265/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,320
$101,630
2025
$5,000
$96,630
$101,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,320
$101,630

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Bastrop
Arm (Adjustable Rate Mortgage)
$70,000
No
First
May 18, 2018
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,087
$14,913
8%
96%
$1,111/mo

Learn About the Market: Opportunity in Austin

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Explore

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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