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$717,000

NAL Estimated Property Value

54 Rainey ST 601, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,289 Sq Ft
price_per_sqft$484.87 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Microwave, Self Cleaning Oven
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesElevator, See Remarks
Lot Size322 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030312720000
Lot Number601
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 601 MILAGO CONDOMINIUMS AMENDED PLUS .489 % INT IN COM AREA
Census Tract001103
Assessed Land Value$242,453
Assessed Improvement Value$446,949
Assessment Year2025

About this property

STUNNING water views from this luxurious corner unit! Granite counters, SS appliances, & wood floors. Updates include motorized shades, modern light & plumbing fixtures, solid wood cabinet doors, designer paint, Nest & more. Wide open floor plan has room for large dining table & desk. Both bedrooms have huge closets with custom shelving. 2 patios & storage unit. Google Fiber. A turn key opportunity with the high end contents up for negotiation including pop up TV, Z Gallerie furniture, dishes - everythingRestrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$717,000
Estimated Property Value
$0Estimated Mortgage Balance
$717,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,302 /month
Positive
Cash Flow Estimate:
$1,434 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,029/month
$522/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,762
$689,402
2025
$242,453
$446,949
$689,402
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,762
$689,402

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$717,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$522/mo
+$1,918/mo
4.1%

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 601 | Property Details | No Agent List