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$399,000

2001 Faro Dr Apt 37, Austin, TX, 78741

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,581 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$252.37 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDryer, Microwave, Free-Standing Gas Range, Refrigerator, Washer
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size6,543 sqft

Building Information

Year Built2012
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03081102390000
Lot Number37
SubdivisionRiverside Villas Amended
Land UseResidential
Legal DescriptionUNT 37 RIVERSIDE VILLAS AMENDED PLUS 1.1364 % INT IN COM AREA
Census Tract002314
Assessed Land Value$65,439
Assessed Improvement Value$327,619
Assessment Year2025

About this property

Thoughtfully designed and beautifully maintained, this 3-bedroom, 2.5-bath home offers an open, light-filled layout with inviting spaces for both everyday living and entertaining. Step outside to your private backyard retreat featuring a custom concrete patio and misting system, perfect for relaxing on warm Texas evenings. Nestled within the gated Riverside Villas community, residents enjoy low-maintenance living just minutes from Downtown Austin, Rainey Street, Lady Bird Lake, and some of Austin's best dining, entertainment, and outdoor recreation.

Investor Tools

Property Icon
$423,000
Estimated Property Value
$304,000Estimated Mortgage Balance
$152,917Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,538 /month
Positive
Cash Flow Estimate:
$846 /month

Interested in this property?

Adam Zell

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$974/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,578
$393,058
2025
$65,439
$327,619
$393,058
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,578
$393,058

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$304,000
No
First
Sep 21, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,632
$157,368
36%
64%
$1,823/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,823/mo
+$265/mo
5.9%

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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2001 Faro Dr Apt 37 | Property Details | No Agent List