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$222,000

3115 Helms ST 118, Austin, TX, 78705

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths517 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$522.24 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace

Exterior

Lot Size662 sqft

Building Information

Year Built1983
Stories1
Roof Type104

Land Information

APN02160422190000
Lot Number118
SubdivisionSunchase Condominiums Amended
Land UseResidential
Legal DescriptionUNT 118 SUNCHASE CONDOMINIUMS AMENDED PLUS 1.3168% INTEREST IN COMMON AREA
Census Tract000500
Assessed Land Value$66,360
Assessed Improvement Value$148,454
Assessment Year2025

About this property

Spacious and newly remodeled one bedroom, one bath condo in gated complex in north campus. Remodel includes new cabinets, quartz counters, tile backsplash, LVP flooring, interior paint, water heater (2022), and HVAC system (June 2023). Short walk to campus and 1/2 block to UT Campus bus stop. Bright and sunny with lots of natural light. Complex roof replaced July 2023. One reserved, covered, and lighted parking spot. Samsung full size stackable washer and dryer (2022) and refrigerator will convey. Wood island with storage and 2 bar stools will convey. Blink video doorbell will convey. HOA includes water and trash/recycling service. Building is wired for Google fiber. See attached document for complete list of updates and features. Close to Vaquero Taquero (top tacos in Austin) and convenience store (less than a block away), Hyde Park area (less than 1 mile), and Mueller area (less than 3 miles). Be aware this is a first floor unit but the first floor is not ground level.

Investor Tools

Property Icon
$222,000
Estimated Property Value
$0Estimated Mortgage Balance
$23,031Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$475/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,590
$214,814
2025
$66,360
$148,454
$214,814
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,590
$214,814

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$204,000
No
First
Nov 28, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$198,969
$23,031
10%
90%
$1,249/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,700/mo
$1,249/mo
+$451/mo
9.2%

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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3115 Helms ST 118 | Property Details | No Agent List