Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Street View of property
Street View
B+
NoAgentList RatingHow are grades calculated? Info

$666,000

54 Rainey St Apt 918, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$2.6 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesBuilt-In Electric Oven, Built-In Electric Range, Dishwasher, Refrigerator, Washer/Dryer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size292 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN02030313590000
Lot Number918
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 918 MILAGO CONDOMINIUMS AMENDED PLUS .442 % INT IN COM AREA
Census Tract001103
Assessed Land Value$219,150
Assessed Improvement Value$369,967
Assessment Year2025

About this property

Experience contemporary urban living at its finest in this modern condo tucked away along the scenic shores of Lady Bird Lake, situated at the end of Rainey Street within The Milago community. This unit is available furnished or unfurnished depending on your needs. This ninth-floor corner residence has been thoughtfully upgraded, featuring a sunlit open-concept layout, high ceilings, wood flooring, and Restoration Hardware lighting. Boasting two spacious bedrooms and two sleek bathrooms with modern tiling, this condo offers comfort and style. Custom soundproofing enhancements have been incorporated to ensure a peaceful living environment. The functional kitchen boasts granite countertops, upgraded stainless steel appliances, and ample storage. Step out onto the terrace or gaze out of the windows to enjoy captivating views of Lady Bird Lake and the cityscape. One parking space included for your convenience. The Milago offers a range of exclusive amenities, including a rooftop pool and spa, 24-hour concierge service, and a fitness center. Located in the heart of the vibrant Rainey Street district, you'll be immersed in the lively Austin scene, with dining, entertainment, and outdoor activities just moments away. This modern condo offers an urban retreat that seamlessly blends comfort and city living.

Investor Tools

Property Icon
$666,000
Estimated Property Value
$540,000Estimated Mortgage Balance
$202,743Estimated Equity
19% 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

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,298/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,251
$589,117
2025
$219,150
$369,967
$589,117
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,251
$589,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$540,000
No
First
Apr 30, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$464,397
$233,603
33%
70%
$2,205/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$2,205/mo
+$235/mo
4.4%

Learn About the Market: Opportunity in Austin

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...