Last 24 Hours
$490,000
NAL Estimated Property Value5113 Martin Ave, Austin, TX, 78751
Off Market
2 Beds
2 Bath
1,044 Sq Ft
$574.62 / sqft
Built in 1942Property Lead Type:
Absentee OwnerHigh Equity
Highlights
Interior
Bedrooms 2
Bathrooms Full 2
Garage Available
Heating
CoolingAppliancesDishwasher, Free Standing Gas Range, Disposal, Gas Range, Gas Water Heater, Microwave, Range Hood
FlooringLaminate
Exterior
Exterior FeaturesGarden, Private Yard
Lot Size3,123 sqft
Building Information
Year Built2024
Stories2
Garage Spaces1
Land Information
APN02221132030000
Subdivision5113 Martin Avenue Condominiums
Land UseResidential
Legal Description5113 MARTIN AVENUE CONDOMINIUMS UNT 2 PLUS 50.00 % INT IN COM AREA
Census Tract000304
Assessed Land Value$200,000
Assessment Year2025
About this property
LOCATION LOCATION LOCATION! Prime Central Austin location - 2 miles to UT Campus and Mueller, 4 miles to Downtown Austin, 10 miles to the Domain and 12 miles to airport. A double lot with plenty of potential to expand the home, or add a second unit in the back, or a garage with garage apartment. Originally built in 1942 and updated to modern standards in 2008 including updated electrical, plumbing and roof. Open floor plan with tons of natural light. Primary bedroom was added in the back with an ensuite bath. Laundry room with tons of storage located inside the home. Solar panels make this home super efficient. Brand new hot water heater. Great price for the location and potential!
Investor Tools
$490,000
Estimated Property Value
$322,112Estimated Mortgage Balance
$167,888Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,599 /month
Positive
Cash Flow Estimate:
$1,200 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$576/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,459
$200,000
2025
$200,000
N/A
$200,000
No
Tax History
Year
Tax Paid
Assessed Value
2024
$4,459
$200,000
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Open End Mortgage / Open End With Future Advance Clause
$199,200
No
First
Mar 22, 2022
Mar 2023
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$322,112
$167,888
34%
66%
$2,035/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$2,035/mo
$-35/mo
4.9%
12.4%