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Owner Contacts

$490,000

5113 Martin Ave, Austin, TX, 78751

Off Market

2 Beds

2 Bath

1,044 Sq Ft

Single Family Residence

$574.62 / sqft

Built in 1942

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Garage Available

Heating

Cooling

AppliancesDishwasher, Disposal, Gas Range, Microwave, Free-Standing Gas Range, Water Heater

FlooringLaminate

Exterior

Private Pool

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

$0Estimated Mortgage Balance

$167,888Estimated Equity

100% 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

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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

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

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%

Learn About the Market: Opportunity in Austin

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