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$492,000

NAL Estimated Property Value

1406 E M Franklin Ave # 2, Austin, TX, 78721

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,270 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$374.8 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Tankless Water Heater
FlooringConcrete, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesUncovered Courtyard, Private Yard
Lot Size4,665 sqft

Building Information

Year Built2019
Roof Type105
Garage Spaces1

Land Information

APN02111715050000
Lot Number2
Subdivision1404 & 1406 E M Franklin Condominiums
Land UseCondo
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$392,071
Assessment Year2025

About this property

Coming Late 2020! 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 that's open to the dining area and living room. The dining room opens to a private courtyard. 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. 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.

Investor Tools

Property Icon
$492,000
Estimated Property Value
$398,098Estimated Mortgage Balance
$94,680Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,952 /month
Positive
Cash Flow Estimate:
$984 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$827/month
$35/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,461
$463,946
2025
$71,875
$392,071
$463,946
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,461
$463,946

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$441,000
No
First
Mar 12, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$398,098
$65,848
14%
81%
$2,645/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,680/mo
$-592/mo
5.1%

City: Austin

1406 E M Franklin Ave # 2 | Property Details | No Agent List