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$549,999

NAL Estimated Property Value

2309 Lafayette Ave, Austin, TX, 78722

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths840 Sq Ft
price_per_sqft$386.89 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDryer, Free Standing Range, Refrigerator, Washer
FlooringVinyl, Wood

Exterior

Lot Size5,785 sqft

Building Information

Year Built1928
Stories1
Roof Type105
Garage Spaces1

Land Information

APN02131002040000
Lot Number7
SubdivisionNowlin Heights
Land UseResidential
Legal DescriptionLOT 7 * LESS SW TRI OF BLK 1 OLT 27-28&31 DIV C NOWLIN HEIGHTS
Census Tract000401
Assessed Land Value$350,186
Assessed Improvement Value$228,351
Assessment Year2025

About this property

Vintage 1928 Cherrywood/French Place 2 bed, 1 bath bungalow near trendy Manor Road shops/restaurants(corner of Manor/Lafayette). Tear down or remodel. House has potential, but needs some love. Wood floors, original kitchen, & built in's. Original garage could be rebuilt as a short term rental & offers potential for home office/studio. Any development plans should be verified by buyer with the city. Value is in the land & location. Across the street from Salty Sow, El Chile, Eastside Café and Mi Madres.Restrictions: Yes

Investor Tools

Property Icon
$549,999
Estimated Property Value
$385,977Estimated Mortgage Balance
$164,695Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$898/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,023
$549,999
2025
$350,186
$228,351
$578,537
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,023
$549,999

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$243,564
No
First
Sep 3, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,977
$164,022
29%
70%
$2,463/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,800/mo
$2,463/mo
$-663/mo
3.9%

City: Austin

2309 Lafayette Ave | Property Details | No Agent List