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$2,853,000

NAL Estimated Property Value

1902 & 1904 David ST, Austin, TX, 78705

Off MarketInfo
Beds12 Beds
Baths8 Bath
Baths5,112 Sq Ft
price_per_sqft$508.61 / sqft
Year BuiltBuilt in 1927

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 12Bedrooms 12
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDryer, Dishwasher, Disposal, Oven, Range, Refrigerator, Washer
FlooringLaminate, Tile, Wood

Exterior

Exterior FeaturesSee Remarks
Lot Size7,244 sqft

Building Information

Year Built1927
Stories2
Roof Type105

Land Information

APN0113001108
Lot Number7
SubdivisionCarrington Subd
Land Use1 Family Dwelling
Legal DescriptionS 10 FT OF LOT 7 & N 30 FT OF LOT 8 BLK 3 OLT 26-28 DIV D CARRINGTON SUBD
Census Tract000607
Assessed Land Value$559,827
Assessed Improvement Value$631,619
Assessment Year2025

About this property

A very rare opportunity to own 3 fully remodeled turnkey houses in West Campus. Prime WC location rented for 2 years in advance with strong solid leases and great cash flow. Easy walking distance to Campus and Capitol. Recently fully upgraded. It is 2 separate properties selling together for a total of 3 free-standing houses: 1902 David #A is a 4 bed 2 bath, 1902 David #B is a 3 bed 3 bath house, and 1904 David St is a 5 bed 3 bath house. There are no common walls, 3 separate houses each with its own washer/dryer, and plenty of parking. All 3 houses are currently rented for a total of $16,800/mo. until July 31st, 2025, and already fully leased from Aug 7th, 2025, until July 31st, 2026, for $19,200/mo. Aug 2026 to July 2027 projected rents are at $20,150/mo. 1902 David B has great Downtown views from the rear patio and/or 2nd story, no back house neighbors, and walking/biking distance to UT. All units have hardwood floors on the first floor. The front houses are colonial style, and the back house is cabin style with a large open deck. Future re-development opportunity. Possibility for additional houses to be constructed in the lot as there is plenty of space.

Investor Tools

Property Icon
$2,853,000
Estimated Property Value
$997,114Estimated Mortgage Balance
$1,855,886Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,118 /month
Positive
Cash Flow Estimate:
$5,706 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,189/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,046,384
2025
$559,827
$631,619
$1,191,446
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,046,384

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gold Star Mortgage Financial Group Corpo
Conventional
$1,000,000
No
First
Mar 25, 2026
Apr 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$997,114
$1,855,886
65%
35%
$5,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$5,996/mo
$-3,036/mo
1.2%

City: Austin

1902 & 1904 David ST | Property Details | No Agent List