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$165,000

3204 Menchaca Rd Apt 302, Austin, TX, 78704

On MarketInfo
Beds1 Beds
Baths1 Bath
Baths420 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$392.86 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Microwave, Free-Standing Range
FlooringBamboo

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run
Lot Size1,211 sqft

Building Information

Year Built1985
Stories1

Land Information

APN04031013350000
Lot Number302
SubdivisionIvy @ 78704 Condominiums Amended The
Land UseResidential
Legal DescriptionUNT 302 BLD 3 IVY @ 78704 CONDOMINIUMS AMENDED THE PLUS .57 % INT IN COM AREA
Census Tract002004
Assessed Land Value$1,453
Assessed Improvement Value$116,583
Assessment Year2025

About this property

An unexpected sense of space sets Unit 302 apart. Located on the second floor at The Ivy Condominiums, this one-bedroom residence features a vaulted ceiling above the living and dining area, creating a more open and airy atmosphere. Wood flooring extends throughout the main living space, while a breakfast bar connects the kitchen and living area and provides a convenient place for dining or working from home. The efficient floor plan includes a separate bedroom and bathroom, along with the opportunity to personalize the interior over time. This condo offers an approachable entry point into highly desirable 78704—well suited for a first-time buyer, a convenient lock-and-leave Austin getaway or an investor seeking long-term rental potential. Its central location also provides convenient access to UT Austin, St. Edward’s University, ACC and downtown employment centers. The Ivy is a gated community located approximately two blocks from South Lamar, placing local restaurants, coffee shops, shopping and entertainment close at hand. Enjoy convenient access to SoCo, Zilker Park, Barton Springs and downtown Austin while coming home to a quieter residential setting with a community pool, dog park and assigned parking.

Investor Tools

$234,708Estimated Mortgage Balance
$217,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,302 /month
Positive
Cash Flow Estimate:
$434 /month

Interested in this property?

Devora Realty, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
$89/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,706
$118,036
2025
$1,453
$116,583
$118,036
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,706
$118,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dogwood State Bank
Sba Participation Trust Deed
$258,000
No
First
Aug 4, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,708
N/A
0%
108%
$1,547/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,636/mo
+$4/mo
9.1%

City: Austin

3204 Menchaca Rd Apt 302 | Property Details | No Agent List