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$2,249,786

NAL Estimated Property Value

1811 Drake Ave, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,216 Sq Ft
price_per_sqft$542.76 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free Standing Range, Gas Water Heater
FlooringCarpet, Laminate, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,671 sqft

Building Information

Year Built2021
Stories2
Roof Type121
Garage Spaces1

Land Information

APN0302001417
Lot Number2
SubdivisionWilliams Sam Subd
Land Use1 Family Dwelling
Legal DescriptionLOT 2 *RESUB OF WILLIAMS SAM SUBD
Census Tract001401
Assessed Land Value$612,539
Assessed Improvement Value$1,637,247
Assessment Year2025

About this property

So Much Potential For this Home or Lot!! Great Location! * A Short Walk to South Congress* Beautiful Live Oaks and Private Back Yard* Don't Miss This Opportunity!Restrictions: Yes

Investor Tools

Property Icon
$2,249,786
Estimated Property Value
$1,304,315Estimated Mortgage Balance
$945,471Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,499 /month
Positive
Cash Flow Estimate:
$4,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,675/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$2,249,786
2025
$612,539
$1,637,247
$2,249,786
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$2,249,786

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Building Or Construction Loan
$1,481,000
No
First
Apr 9, 2021
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,304,315
$945,471
42%
58%
$5,945/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$5,945/mo
$-4,025/mo
1.0%

City: Austin

1811 Drake Ave | Property Details | No Agent List