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B+
NoAgentList RatingHow are grades calculated?Info

$601,000

NAL Estimated Property Value

5606 Grover Ave # B, Austin, TX, 78756

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,587 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$311.91 / sqft
Year BuiltBuilt in 2009

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Garage AvailableGarage Available
HeatingHeating
CoolingCooling

Exterior

Lot Size4,086 sqft

Building Information

Year Built2009
Stories2
Roof Type105
Garage Spaces1

Land Information

APN02280611030000
Lot Number5606-B
SubdivisionGrovers Paradise I Condominiums
Land UseResidential
Legal DescriptionUNT 5606-B GROVERS PARADISE I CONDOMINIUMS PLUS 50.0 % INT IN COM AREA
Census Tract000205
Assessed Land Value$187,500
Assessed Improvement Value$404,527
Assessment Year2025

About this property

Stunning contemporary craftsman-style 3 bedroom 2 1/2 bathroom home in Brentwood. 2009 build with 9-foot ceilings, concrete floors throughout living areas, gourmet kitchen with gar range, stainless steel and granite counters. Outdoor living space by design and build firm Open Envelope Studio is perfect for relaxing, al fresco living and dining. Very low maintenance. Spacious master with coffer ceiling two closets and luxurious double shower. Central Austin location with nearby shops and restaurants! Sprinkler Sys:Yes

Investor Tools

Property Icon
$601,000
Estimated Property Value
$443,415Estimated Mortgage Balance
$158,452Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,606 /month
Positive
Cash Flow Estimate:
$1,202 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,403
$592,027
2025
$187,500
$404,527
$592,027
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,403
$592,027

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$491,200
No
First
Mar 9, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,415
$164,585
27%
74%
$2,945/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,140/mo
$2,945/mo
$-805/mo
4.3%

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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5606 Grover Ave # B | Property Details | No Agent List