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$666,000

NAL Estimated Property Value

54 Rainey St Apt 918, Austin, TX, 78701

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,164 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$574.74 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Cooktop, Dishwasher, Disposal, Microwave, Oven, Free-Standing Range, Refrigerator, Stainless Steel Appliance(s)
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

Modern residence tucked away on Lady Bird Lake at the end of Rainey St. in The Milago. This 9th floor NE corner residence has been extensively updated throughout; clean white walls with wood flooring, chic bathroom tiling, upgraded appliances, Restoration Hardware lighting, custom soundproofing upgrades and furnishings convey – see agent. Nestled against Town Lake Trl, you can enjoy iconic Austin lake and city views from windows and terrace. Incl' 2 parking. Rooftop pool/spa, 24hr concierge, gym & more.FEMA - Unknown Restrictions: Yes

Investor Tools

Property Icon
$666,000
Estimated Property Value
$464,397Estimated Mortgage Balance
$202,743Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,014 /month
Positive
Cash Flow Estimate:
$1,338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,298/month
$553/month
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
$2,758/mo
$-318/mo
4.4%

Learn About the Market: Opportunity in Austin

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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 918 | Property Details | No Agent List