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$480,000

NAL Estimated Property Value

1404 E M Franklin Ave 2, Austin, TX, 78721

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,270 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$385.04 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size4,665 sqft

Building Information

Year Built2019
Roof Type105
Garage Spaces1

Land Information

APN02111715030000
Lot Number2
Subdivision1404 & 1406 E M Franklin Condominiums
Land UseResidential
Legal DescriptionUNT 2 1404 & 1406 E M FRANKLIN CONDOMINIUMS PLUS 25.0 % INT IN COM AREA
Census Tract002109
Assessed Land Value$71,875
Assessed Improvement Value$362,433
Assessment Year2025

About this property

Coming Late 2020! Looking for a new home with a garage and a big backyard? Check out this 1270 sq ft open plan with 3 bedrooms and 2.5 bathrooms. The garage is oversized with extra room for an exercise area, workshop, or storage! The first floor features a galley kitchen open to the dining area and living room overlooking the private back yard. Durable engineered quartz counters and white backsplash tile is accented by chrome lighting and plumbing fixtures. The stainless appliances include a range, dishwasher, and microwave. The floors are maintenance-free concrete that stays cool in the summer. Semi floating stairs add a unique design element. Upstairs, there is wood flooring in the bedrooms and hallway. The bathrooms are appointed with sophisticated hex tile flooring and marble wall tile in the wet areas. Outside, the fenced and private back yard is shaded by elm trees. Area attractions include the Texas Farmer’s Market at Mueller, Contigo, Oddwood Ales & Pizza, Batch Craft Beer & Kolaches, the Blue Starlite Urban Drive-In, Boggy Creek Greenbelt, Southern Walnut Creek Bike Trail, and Springdale General. Ask about our other upcoming units at 1404, 1406, and 1213 E M Franklin!

Investor Tools

Property Icon
$480,000
Estimated Property Value
$353,143Estimated Mortgage Balance
$126,857Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,934 /month
Positive
Cash Flow Estimate:
$978 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$870/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,043
$434,308
2025
$71,875
$362,433
$434,308
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,043
$434,308

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$391,200
No
First
Mar 15, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$353,143
$126,857
26%
74%
$2,346/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,346/mo
$-258/mo
5.2%

City: Austin

1404 E M Franklin Ave 2 | Property Details | No Agent List