Last 24 Hours
$2,000
2801 Rio Grande St Apt 305, Austin, TX, 78705
On Market
2 Beds
2 Bath
912 Sq Ft
Condos / Townhouses
$2.19 / sqft
Built in 1981Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 2
Bathrooms Full 2AppliancesDishwasher, Disposal, Dryer, Refrigerator, Washer
FlooringLaminate, Tile
Exterior
Private PoolLot Size1,085 sqft
Building Information
Year Built1981
Stories1
Roof Type105
Land Information
APN02150212010033
Lot Number103
SubdivisionParapet Condominiums The
Land UseCondominiums
Legal DescriptionUNT 305 PARAPET CONDOMINIUMS THE PLUS 3.7037% INTEREST IN COMMON AREA
Census Tract000606
Assessed Land Value$108,300
Assessed Improvement Value$237,929
Assessment Year2025
About this property
***August 2027 Pre-Lease*** Parapet Condos is located in West Campus. The location offers a quick walk to UT campus or a quick drive to Downtown Austin. The interior of the apartment features 2 beds, 2 baths, in-unit washer/dryer, a private balcony in each bedroom, and 2 included parking spots.
Investor Tools
$0Estimated Mortgage Balance
$305,337Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,832 /month
Positive
Cash Flow Estimate:
$611 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,054
$346,229
2025
$108,300
$237,929
$346,229
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,054
$346,229
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$346,229
100%
0%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,990/mo
N/A
+$1,990/mo
7.8%
12.4%