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$450,000

NAL Estimated Property Value

54 Rainey ST 1010, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths756 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$780.29 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size192 sqft

Building Information

Year Built2005
Stories1

Land Information

APN02030313740000
Lot Number1010
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 1010 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Census Tract001103
Assessed Land Value$142,298
Assessed Improvement Value$292,356
Assessment Year2025

About this property

Amazing birds eye view overlooking Downtown Austin and Lady Bird Lake from this luxury downtown condo located in the highly desired Rainey Street District. Wood floors, stainless steel appliances, stackable washer/dryer, open floor plan, secure parking garage with reserved parking and did I mention the view? The Milagro offers 24/7 concierge, rooftop pool/spa/lounge/grill, work space with wifi, fitness room, plenty of room for entertaining. Lake, hike and bike trails, with restaurants, bars, and grocery right at your finger tips.

Investor Tools

Property Icon
$450,000
Estimated Property Value
$396,275Estimated Mortgage Balance
$53,725Estimated Equity
11% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,539 /month
Positive
Cash Flow Estimate:
$1,180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$963/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,301
$434,654
2025
$142,298
$292,356
$434,654
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,301
$434,654

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aaxy Llc
Unknown
$423,750
No
First
Oct 14, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$396,275
$53,725
11%
88%
$2,541/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,541/mo
$-461/mo
5.5%

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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54 Rainey ST 1010 | Property Details | No Agent List