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$1,804,000

505 Leland St, Austin, TX, 78704

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,523 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.58 / sqft
Year BuiltBuilt in 1929

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size10,846 sqft

Building Information

Year Built1929
Stories1
Roof Type105

Land Information

APN03030002070000
SubdivisionSwisher Addn
Land UseResidential
Legal Description0.2490 ACR OF SWISHER ADDN
Census Tract001401
Assessed Land Value$673,858
Assessed Improvement Value$496,566
Assessment Year2025

About this property

Gorgeous craftsman cottage located on quiet street in Travis Heights. Meticulously updated to retain 1920s charm with natural wood floors, doors and trims, original light fixtures, pocket doors, large bedrooms with ample closets, lots of natural light, large fenced backyard with electric gate, 2-car carport, sprinkler and security systems. 3rd bedroom currently used as formal living easily converts. Spiral stair to bright loft office with built-ins and double desks. Lawn care included in lease. Sprinkler Sys:Yes

Investor Tools

Property Icon
$1,804,000
Estimated Property Value
$415,000Estimated Mortgage Balance
$1,518,800Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,824 /month
Positive
Cash Flow Estimate:
$3,608 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,501/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,997
$1,170,424
2025
$673,858
$496,566
$1,170,424
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,997
$1,170,424

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capstar Lending Llc
Conventional
$415,000
No
First
Dec 18, 2012
Jan 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$285,200
$1,420,800
83%
16%
$0/mo

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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505 Leland St | Property Details | No Agent List