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$291,000

501 E Applegate Dr, Austin, TX, 78753

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,064 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.37 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
HeatingHeating
CoolingCooling

Exterior

Lot Size8,372 sqft

Building Information

Year Built1985
Stories1
Roof Type105

Land Information

APN02432103030000
Lot Number3
SubdivisionMockingbird Hill Sec 2
Land UseResidential
Legal DescriptionLOT 3 BLK 7 MOCKINGBIRD HILL SEC 2
Census Tract041000
Assessed Land Value$210,948
Assessed Improvement Value$68,676
Assessment Year2025

About this property

Stop paying Rent. Here's a Charmer for 1st Time Buyers . CLEAN, CUTE, and Move-In Ready. Features include 3 bedrooms, 2 bath, a large treed lot with a storage building on a private backyard, privacy fence replaced this month (September), large covered patio, updated kitchen with granite counters, HVAC units, hardiplank type siding, all new double paned windows. Truely a nice starter home close to bus routes and shopping with easy access to IH-35 and 183.Restrictions: Yes

Investor Tools

Property Icon
$291,000
Estimated Property Value
$221,500Estimated Mortgage Balance
$88,347Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,746 /month
Positive
Cash Flow Estimate:
$582 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,437
$279,624
2025
$210,948
$68,676
$279,624
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,437
$279,624

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southern Mortgage Group Llc
Conventional
$221,500
No
First
Nov 5, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$203,033
$87,967
30%
70%
$1,329/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,329/mo
+$759/mo
8.6%

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.

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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501 E Applegate Dr | Property Details | No Agent List