$442,000
NAL Estimated Property Value54 Rainey 416, Austin, TX, 78701
Off Market
Property Lead Type:
Off-Market ListHigh Equity
Highlights
Interior
Exterior
Lot Size213 sqft
Building Information
Year Built2005
Stories1
Land Information
APN02030312410000
Lot Number416
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 416 MILAGO CONDOMINIUMS AMENDED PLUS .323 % INT IN COM AREA
Census Tract001103
Assessed Land Value$160,148
Assessed Improvement Value$211,247
Assessment Year2025
About this property
Live on Town Lake! Gorgeous 1B+study with a shaded balcony facing West, towards Town Lake. Condo shows beautifully with hardwood flooring throughout, granite countertops, stainless appliances, walk-in closet in the bedroom, built-in shelving in the study and full size stackable washer and dryer. Other features include additional storage and one parking space in garage. Building amenities include gym, rooftop pool & hot tub, lounge area, club room and 24/7 concierge.Restrictions: Yes
Investor Tools
$442,000
Estimated Property Value
$160,536Estimated Mortgage Balance
$281,464Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,652 /month
Positive
Cash Flow Estimate:
$884 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$761/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,921
$371,395
2025
$160,148
$211,247
$371,395
No
Tax History
Year
Tax Paid
Assessed Value
2024
$6,921
$371,395
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Commercial
$200,000
No
First
Nov 29, 2016
Dec 2046
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$160,536
$281,464
63%
36%
$1,200/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$1,200/mo
+$880/mo
5.6%
