1view

Owner Contacts

$439,177

NAL Estimated Property Value

54 Rainey St Apt 1115, Austin, TX, 78701

Off Market

1 Beds

1 Bath

756 Sq Ft

Condos / Townhouses

$2.97 / sqft

Built in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

AppliancesDishwasher, Microwave, Free-Standing Electric Oven, Free-Standing Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer/Dryer Stacked, Electric Water Heater

FlooringTile, Vinyl

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size192 sqft

Building Information

Year Built2005

Stories1

Garage Spaces1

Land Information

APN02030313990000

Lot Number1115

SubdivisionMilago Condominiums Amended

Land UseResidential

Legal DescriptionUNT 1115 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA

Census Tract001103

Assessed Land Value$142,298

Assessed Improvement Value$296,879

Assessment Year2025

About this property

Live on Austin's most popular street at The Milago. This unit is freshly updated with new flooring, updated cabinets, new appliances, and tile backsplash and tub surround. This unit has a great layout for a one bed/one bath, with a large walk-in closet. Tons of natural light make this unit nice and bright! In-unit laundry as well. Gorgeous city views from the balcony, access to the Town Lake Trail directly from the building, steps from all the entertainment Rainey Street has to offer, concierge and gated parking for security, reserved parking space, well-appointed gym overlooking Town Lake, wifi lounge, clubhouse, rooftop pool and outdoor lounge area. This place has everything an Austinite could desire! Come be a member of this exclusive building and enjoy the BEST of Austin.

Investor Tools

$439,177

Estimated Property Value

$0Estimated Mortgage Balance

$439,177Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,635 /month

Positive

Cash Flow Estimate:

$878 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$948/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,181

$439,177

2025

$142,298

$296,879

$439,177

Tax History

Year

Tax Paid

Assessed Value

2024

$9,181

$439,177

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$448,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,080/mo

N/A

+$2,080/mo

5.7%

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