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$632,000

1903 Cannonwood Ln, Austin, TX, 78745

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,407 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.76 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size7,588 sqft

Building Information

Year Built1966
Stories1
Roof Type105
Garage Spaces2

Land Information

APN0415150403
Lot Number21
SubdivisionCherry Creek
Land Use1 Family Dwelling
Legal DescriptionLOT 21 BLK E CHERRY CREEK
Census Tract030400
Assessed Land Value$281,004
Assessed Improvement Value$241,739
Assessment Year2025

About this property

Located in one of Austin's most sought-after zip codes, 78745, this property presents an unparalleled investment opportunity. Featuring 4 spacious bedrooms and 2 well-appointed bathrooms, this home is both functional and inviting. Notably, the roof was replaced in 2017, providing a strong foundation for any future renovations. Most recently leased at $1800 per month in its present condition, the property's potential is undeniable. With homes in the same neighborhood fetching prices upwards of $800K, this residence is ideally positioned as a prime candidate for a remodel or a savvy flip. Whether you're looking to capitalize on the robust Austin market or create a dream home, this opportunity is ripe with promise. Don't miss your chance to invest in the future of 78745!

Investor Tools

Property Icon
$632,000
Estimated Property Value
$622,250Estimated Mortgage Balance
$17,006Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,792 /month
Positive
Cash Flow Estimate:
$1,264 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$899/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$522,743
2025
$281,004
$241,739
$522,743
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$522,743

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Adelo Mortgage Inc
Conventional
$622,250
No
First
Sep 11, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$615,912
$25,088
3%
97%
$3,731/mo

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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1903 Cannonwood Ln | Property Details | No Agent List