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$620,363

NAL Estimated Property Value

2111 Prather Ln # 2, Austin, TX, 78704

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,523 Sq Ft
price_per_sqft$557.78 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesConvection Oven, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Microwave, Free-Standing Gas Range, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Tankless Water Heater
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Private Yard
Lot Size3,990 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces1

Land Information

APN04061207030000
SubdivisionGreystone At Prather Condominiums
Land UseResidential
Legal DescriptionGREYSTONE AT PRATHER CONDOMINIUMS UNT 2 20%INT IN COMMON AREA
Census Tract002004
Assessed Land Value$97,500
Assessed Improvement Value$522,863
Assessment Year2025

About this property

Great Location in Near South Austin, 78704 zip code. SOLA area (South Lamar) has Entertainment, Restaurants and Shopping. New Construction with completion date February 2025. Private 5-Unit Condo Regime with 5 detached Units, all with their own private fenced yard space. Quality Construction by 3rd Generation Austin Homebuilder. Features include: 2x6 Exterior walls with upgraded R-19 insulation, Andersen Windows and Door Units, Energy Star Designer Appliances. Enter to spacious Family Room with lots of natural light. Family Room is open to Designer Kitchen and separate Dining Room. Kitchen has abundance of counter space with Quartz countertops, cabinets include full pantry cabinet with pull out shelving, dovetail drawer construction with soft close heavy duty drawer guides and soft close cabinet doors. Large island includes seating at bar top. Enjoy private fenced back yard space entering through sliding Andersen door unit. Primary Bedroom features sloped ceilings to 14' Room is lit with plentiful natural light. Primary Bedroom also features walk out covered balcony. Large En-suite Bathroom with Ariel Jetted tub, large walk in shower, dual vanity with quartz tops, walk in closet and separate water closet for toilet. Secondary Bedroom also features its own private bath with walk in shower and walk in closet. Sloped 14' ceilings and an abundance of natural light.

Investor Tools

Property Icon
$620,363
Estimated Property Value
$0Estimated Mortgage Balance
$620,363Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,097 /month
Positive
Cash Flow Estimate:
$1,699 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,028/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,237
$620,363
2025
$97,500
$522,863
$620,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,237
$620,363

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$744,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,920/mo
$150/mo
+$1,770/mo
3.7%

Learn About the Market: Opportunity in Austin

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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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