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B+
NoAgentList RatingHow are grades calculated?Info

$741,000

NAL Estimated Property Value

54 Rainey St Apt 307, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.49 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesCooktop, Dishwasher, Disposal, Dryer, Electric Cooktop, Microwave, Oven, Refrigerator, Washer
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Grill
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030312090000
Lot Number307
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 307 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$294,411
Assessment Year2025

About this property

One cannot get any closer to Lady Bird Lake and the Hike and Bike trail! Step outside to the beautiful pecan trees that surround the grounds and lake. This unit is easy access to the 3rd floor deck, complete with seating, grills and beautiful views. Well maintained condo, SS appliances, main bath with garden tub and walk in shower. Two gated parking spaces, roof top pool with grill, workout room, WIFI, club room, all included in the vibrant Rainey Street District.. Walk to neighborhood restaurants, grocery and entertainment.

Investor Tools

Property Icon
$741,000
Estimated Property Value
$0Estimated Mortgage Balance
$741,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,446 /month
Positive
Cash Flow Estimate:
$1,482 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,195/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,640
$513,561
2025
$219,150
$294,411
$513,561
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,640
$513,561

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$715,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
N/A
+$2,440/mo
4.0%

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 Apt 307 | Property Details | No Agent List