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$419,000

NAL Estimated Property Value

54 Rainey ST 320, Austin, TX, 78701

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths750 Sq Ft
price_per_sqft$533.33 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesConvection Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Range, Microwave, Range Hood, Stainless Steel Appliances
FlooringCarpet Free, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size187 sqft

Building Information

Year Built2005
Stories1
Garage Spaces1

Land Information

APN02030312220000
Lot Number320
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 320 MILAGO CONDOMINIUMS AMENDED PLUS .285 % INT IN COM AREA
Census Tract001103
Assessed Land Value$141,308
Assessed Improvement Value$230,050
Assessment Year2025

About this property

Excellent location on Rainey Street! This beautiful one-bedroom condo at the Milago on Rainey Street has easy access to Lady Bird Lake and trail. Walking distance to numerous bars and restaurants in the area. Quiet unit on the lakeside of the building has an expanded patio with direct access to the community terrace. Community amenities include a rooftop pool, spa, grills, gym, club room, gated parking, and 24/7 concierge. Unit has one reserved garage parking space. No carpet, enjoy beautiful hardwood flooring, granite countertops, stainless steel appliances, ceiling fans and large walk in closet.

Investor Tools

Property Icon
$419,000
Estimated Property Value
$271,343Estimated Mortgage Balance
$147,657Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,514 /month
Positive
Cash Flow Estimate:
$838 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$727/month
$398/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,630
$371,358
2025
$141,308
$230,050
$371,358
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,630
$371,358

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$300,000
No
First
Apr 15, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$271,343
$147,657
35%
65%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,197/mo
$-117/mo
6.0%

City: Austin

54 Rainey ST 320 | Property Details | No Agent List