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Owner Contacts

$385,000

NAL Estimated Property Value

1308 SOUTHPORT DR A, Austin, TX, 78704

Off Market

2 Beds

2 Bath

967 Sq Ft

Condos / Townhouses

$262.67 / sqft

Built in 1981

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1.5

Heating

Cooling

AppliancesBuilt-In Electric Range, Dishwasher, Microwave

FlooringLaminate

Exterior

Private Pool

Exterior FeaturesNone

Lot Size2,396 sqft

Building Information

Year Built1981

Stories2

Roof Type105

Land Information

APN04070726020000

Lot NumberA

Subdivision1308 Southport Drive Condominiums

Land UseResidential

Legal DescriptionUNT A 1308 SOUTHPORT DRIVE CONDOMINIUMS PLUS 25.0 % INT IN COM AREA

Census Tract002006

Assessed Land Value$93,750

Assessed Improvement Value$146,774

Assessment Year2025

About this property

SELLER TO PAY CLOSING COSTS! Ask the Agent for attractive preferred lender incentives including NO MONEY DOWN! Move into a stylish remodeled condo at the center of 78704 with close proximity to Downtown and popular South Austin establishments. This condo is minutes from Zilker Park, South Congress Ave, ABGB, St. Elmo, and Barton Creek Greenbelt. 2 beds + 1.5 baths, corner unit, private shaded fenced yard for entertainment, and ultra-low HOA of only $135/month which includes common area maintenance, mast condo insurance, and property management fees. Great investment opportunity to be in the middle of the action in a quiet neighborhood. No restrictions for short term rental. Only condo in South Austin (78704) in this price range

Investor Tools

$385,000

Estimated Property Value

$226,146Estimated Mortgage Balance

$158,854Estimated Equity

41% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,310 /month

Positive

Cash Flow Estimate:

$770 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$445/month

$135/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,421

$109,807

2025

$93,750

$146,774

$240,524

Tax History

Year

Tax Paid

Assessed Value

2024

$3,421

$109,807

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bancorpsouth Bank

Conventional

$252,000

First

Dec 10, 2020

Jan 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$226,146

$158,854

41%

59%

$1,511/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,920/mo

$1,646/mo

+$274/mo

6.0%

Learn About the Market: Opportunity in Austin

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