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$666,000

NAL Estimated Property Value

54 Rainey ST 907, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$536.94 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Dryer, Microwave, Free-Standing Electric Range, Refrigerator, Washer, Electric Water Heater
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Uncovered Courtyard, Outdoor Grill
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030313480000
Lot Number907
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 907 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$325,953
Assessment Year2025

About this property

Welcome to 907 at the Milago, a stunning downtown Austin condo offering lakefront living and easy access to the city's top attractions. Participate in live music and nightlife along Austin's iconic Rainey Street from your balcony. This two-bed, two-bath unit features 1164 sqft of modern space with granite countertops, wood-style floors, and updated stainless steel appliances. Relax in the spa-like primary bathroom or enjoy staying active in the lovely rooftop pool & gym. The location is unbeatable, with the Lady Bird Lake hike & bike trail right at your doorstep, encouraging an active lifestyle in a beautiful natural setting. For water enthusiasts, Waller Creek Boathouse is just a short 10-minute walk away, offering kayak and paddleboard rentals for your enjoyment. Notable features: In-unit W/D makes laundry a breeze, 2 assigned garage parking spots, 24/7 Concierge. When it's time to explore Austin's vibrant dining and nightlife scene, you'll find abundant options just a stone's throw away. Experience the best of Austin living in this contemporary condo. Schedule a viewing today or ask about official listing site! Inquire about interest rate incentives with preferred lender.

Investor Tools

Property Icon
$666,000
Estimated Property Value
$465,078Estimated Mortgage Balance
$200,922Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,996 /month
Positive
Cash Flow Estimate:
$1,332 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$956/month
$675/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,138
$545,103
2025
$219,150
$325,953
$545,103
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,138
$545,103

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guardian Mortgage Co Inc
Conventional
$488,000
No
First
Sep 21, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$465,078
$200,922
30%
70%
$2,926/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$3,602/mo
$-1,162/mo
4.4%

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 907 | Property Details | No Agent List