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$728,000

54 Rainey St Apt 314, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$470.36 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2

Exterior

Lot Size292 sqft

Building Information

Year Built2005
Stories1

Land Information

APN02030312160000
Lot Number314
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 314 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$358,167
Assessment Year2025

About this property

Ideal downtown location! From your party-sized patio amidst a quiet and serene setting overlooking the hike and bike trail you are steps away from bustling downtown, Rainey Street and Town Lake. This condo is ideally appointed facing West and Town Lake on the 3rd floor offering easy access to the community BBQ. The two bedrooms and two full bathroom layout offer views from all rooms. The building offers a 24-hour concierge, two reserved parking spaces, well-equipped gym, and WIFI lounge.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$728,000
Estimated Property Value
$0Estimated Mortgage Balance
$728,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,368 /month
Positive
Cash Flow Estimate:
$1,456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,366/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,750
$577,317
2025
$219,150
$358,167
$577,317
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,750
$577,317

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$728,000
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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