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$325,000

40 N Interstate Highway 35 6d2, Austin, TX, 78701

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,360 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$238.97 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Dishwasher, Free Standing Range, Disposal, Microwave, Washer
FlooringSee Remarks

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size1,150 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces2

Land Information

APN02010402160064
Lot Number8B4
SubdivisionTowers Of Town Lake Condominiums Amended
Land UseHigh-Rise Condo/Apartment
Legal DescriptionUNT 5B2 BLD D TOWERS OF TOWN LAKE CONDOMINIUMS AMENDED PLUS .496% INT IN COMMON AREA
Census Tract001103
Assessed Land Value$136,711
Assessed Improvement Value$358,309
Assessment Year2025

About this property

Welcome to the Towers at Town Lake, where modern urban living meets natural beauty. Enjoy seamless access to Interstate Highway 35 while your complex offers stunning views of Lady Bird Lake. Just a short stroll from the vibrant Rainey Street, this expansive complex is surrounded by lush green spaces, creating a perfect balance of city life and tranquility. With everything you need right at your doorstep, come discover the perks of downtown living without the lofty price tag!

Investor Tools

$317,368Estimated Mortgage Balance
$177,652Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,970 /month
Positive
Cash Flow Estimate:
$990 /month

Interested in this property?

Joshua Olabarrieta

Spyglass Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,096/month
$1,061/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,678
$495,020
2025
$136,711
$358,309
$495,020
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,678
$495,020

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Champions Funding Llc
Conventional
$318,750
No
First
May 22, 2026
Jun 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$317,368
$177,652
35%
64%
$1,912/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,973/mo
$-533/mo
5.9%

Learn About the Market: Opportunity in Austin

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Explore

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.

Explore Texas Explore This Area
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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