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$638,000

54 Rainey ST 304, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,189 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$475.19 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size296 sqft

Building Information

Year Built2005
Stories1

Land Information

APN02030312060000
Lot Number304
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 304 MILAGO CONDOMINIUMS AMENDED PLUS .451 % INT IN COM AREA
Census Tract001103
Assessed Land Value$223,613
Assessed Improvement Value$356,387
Assessment Year2025

About this property

Incredible Rainey Street Condo with Town Lake Views from Master, 2nd Bedroom, & Living room! Walnut hardwood floors throughout the entire unit w/t tile in wet areas. Granite counters, solar shades, separate shower & garden tub-master, tile backsplash in kitchen, oversized tiled terrace. All the amenities - 24 hour concierge, Secured Entry, Club Room, Garage Parking. 1st Floor-WiFi Lounge, 2nd-Clubroom & Gym, 3rd-Terrace, Rooftop Pool/Hot Tub. New Dishwasher. Fridge, Washer and Dryer Included.FEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$638,000
Estimated Property Value
$0Estimated Mortgage Balance
$638,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,828 /month
Positive
Cash Flow Estimate:
$1,276 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$266/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$580,000
2025
$223,613
$356,387
$580,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$580,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$638,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
N/A
+$2,440/mo
4.6%

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 304 | Property Details | No Agent List