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$708,000

NAL Estimated Property Value

54 Rainey ST 401, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,289 Sq Ft
price_per_sqft$543.06 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDryer, Dishwasher, Electric Water Heater, Free Standing Electric Range, Disposal, Microwave, Refrigerator, Washer
FlooringWood

Exterior

Exterior FeaturesBalcony, See Remarks
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030312260000
Lot Number401
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 401 MILAGO CONDOMINIUMS AMENDED PLUS .489 % INT IN COM AREA
Census Tract001103
Assessed Land Value$217,658
Assessed Improvement Value$403,215
Assessment Year2025

About this property

Milago SPECTACULAR LAKEFRONT CORNER UNIT 2-2 has 2 Street Level Parking spots, Dual Balcony Outdoor living spaces, Two Main suites, Hardwood flooring. SHOWS BEAUTIFULLY. Head out the door on the 10 Mile Hike-Bike Trail or meet friends down Rainey Street. Every room has 8 foot windows and PLENTIFUL lighting! Granite Counters, Oval Tub, Moen Fixtures. Affordable HOA, 24/7 concierge, Fitness center overlooking Lake, Rooftop pool, Westside terrace on the park, special kayak landing, canoe, fish, stand up paddle, bird watch! Mellow building 240 units-NO AIRBNB hustle bustle, Plenty of areas to socialize, eat, Latte at Royal Grocery, pick up essentials. MAGICAL RAINEY STREET, BARS, CANTINAS, ECLECTIC FOOD TRUCKS close enough to walk ~ distant enough for Peace. Excellent Value for the price, NOT ONE Downtown highrise rivals all of these close-proximity amenities.

Investor Tools

Property Icon
$708,000
Estimated Property Value
$506,950Estimated Mortgage Balance
$201,050Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,248 /month
Positive
Cash Flow Estimate:
$1,416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,143/month
$889/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,174
$620,873
2025
$217,658
$403,215
$620,873
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,174
$620,873

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$525,000
No
First
May 1, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$506,950
$201,050
28%
72%
$3,148/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$4,037/mo
$-1,597/mo
4.1%

City: Austin

54 Rainey ST 401 | Property Details | No Agent List