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$416,073

NAL Estimated Property Value

54 Rainey St Apt 815, Austin, TX, 78701

Off MarketInfo
LeaseInfo
Beds1 Beds
Baths1 Bath
Baths756 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.38 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size192 sqft

Building Information

Year Built2005
Stories1

Land Information

APN02030313330000
Lot Number815
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 815 MILAGO CONDOMINIUMS AMENDED PLUS .287 % INT IN COM AREA
Census Tract001103
Assessed Land Value$142,298
Assessed Improvement Value$273,775
Assessment Year2025

About this property

This beautiful condo unit is located in downtown Austin's hot Milago Condominium complex. It comes with granite countertops, wood floors and tile throughout, convenient stack-able washer and dryer, refrigerator, kitchen open to the amazingly spacious family room, brand new A/C unit with wifi programmable thermostat! The complex is located on Rainey St with bars, restaurants, salons, Lady Bird Lake, hike and bike trail, all just walking distance from the complex.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$750/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,917
$416,073
2025
$142,298
$273,775
$416,073
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,917
$416,073

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Plains Commerce Bank
Fha
$333,743
Yes
First
Sep 11, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$330,344
$85,729
20%
79%
$2,001/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,001/mo
+$79/mo
6.0%

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.

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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 815 | Property Details | No Agent List