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$1,699,000

506 Powell Cir, Austin, TX, 78704

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,432 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$698.6 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
FlooringSee Remarks

Exterior

Private PoolPrivate Pool
Lot Size6,717 sqft

Building Information

Year Built2019
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04050311160000
Lot Number16
SubdivisionSouth Park Sec 1
Land UseResidential
Legal DescriptionLOT 16 BLK B SOUTH PARK SEC 1
Census Tract001308
Assessed Land Value$383,076
Assessed Improvement Value$970,745
Assessment Year2025

About this property

Turn key investment opportunity in the heart of Austin! Turn key investment opportunity in the heart of Austin! Home is leased through December 2027 to tenants - providing immediate and reliable income from day one. This modern 3-bed, 4-bath home blends contemporary design, functionality, and comfort just minutes from downtown, dining, and entertainment. Inside, you’ll find an open floor plan with high ceilings, large windows, and designer finishes that create a bright, inviting atmosphere. The kitchen features sleek cabinetry, stainless steel appliances, and a large island connecting seamlessly to the living and dining spaces—perfect for entertaining or relaxed daily living. Each bedroom includes its own bath, offering privacy and convenience for residents or guests. The home’s outdoor spaces elevate the lifestyle even further, with a private backyard retreat featuring a sparkling pool, spacious deck, and shaded sitting area under mature trees. A covered carport provides convenient parking and ties into the home’s clean, modern curb appeal. With its prime location near downtown Austin and stable long-term lease already secured, this property offers both immediate returns and long-term growth potential—a turnkey investment opportunity that’s ready to perform.

Investor Tools

$1,097,135Estimated Mortgage Balance
$591,460Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,194 /month
Positive
Cash Flow Estimate:
$3,398 /month

Interested in this property?

Central Metro Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,348/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,353,821
2025
$383,076
$970,745
$1,353,821
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,353,821

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Bank
Va
$1,225,000
Yes
First
Oct 29, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,097,135
$634,865
36%
65%
$7,345/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,470/mo
$7,345/mo
$-4,875/mo
1.8%

City: Austin