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$409,000

NAL Estimated Property Value

2001 Faro Dr Apt 8, Austin, TX, 78741

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,581 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.55 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size6,543 sqft

Building Information

Year Built2012
Stories2
Roof Type105
Garage Spaces1

Land Information

APN03081102040000
Lot Number8
SubdivisionRiverside Villas Amended
Land UseResidential
Legal DescriptionUNT 8 RIVERSIDE VILLAS AMENDED PLUS 1.1364 % INT IN COM AREA
Census Tract002314
Assessed Land Value$65,439
Assessed Improvement Value$310,594
Assessment Year2025

About this property

Step into this exquisite 3-bedroom, 2.5-bathroom home featuring high ceilings and a spacious layout that radiates sophistication and comfort. As you explore, you'll discover the unique charm of this property, including a second floor with additional space that can be utilized as a media room or office area, offering endless possibilities for customization to suit your lifestyle. The main floor welcomes you with an open living area, ideal for gatherings and relaxation, while the well-appointed kitchen showcases modern amenities and ample storage space. The primary bedroom on the main level provides a serene retreat with an en-suite bathroom and a walk-in closet for your convenience. Located in a prime area, this home offers close proximity to key destinations such as the Austin-Bergstrom International Airport, Tesla's facilities, Oracle's headquarters, and the picturesque Lady Bird Lake hike and bike trail. Enjoy the convenience of urban living with easy access to work and leisure activities. Don't miss out on the opportunity to make this exceptional property your new place to live, and embrace the perfect blend of convenience, and versatility that this home has to offer.

Investor Tools

Property Icon
$409,000
Estimated Property Value
$373,697Estimated Mortgage Balance
$36,015Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$768/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,167
$376,033
2025
$65,439
$310,594
$376,033
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,167
$376,033

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Unknown
$410,000
No
First
Aug 23, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$373,697
$7,303
1%
91%
$2,459/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,459/mo
$-43/mo
7.1%

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.

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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 8 | Property Details | No Agent List