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$198,000

5608 Cougar DR 301, Austin, TX, 78745

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths552 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$134.06 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
FlooringSee Remarks

Exterior

Private PoolPrivate Pool
Lot Size1,137 sqft

Building Information

Year Built1984
Stories1

Land Information

APN04131112500000
Lot Number301
SubdivisionHeatherwood Condominiums Phs Ii
Land UseResidential
Legal DescriptionUNT 301 BLD D HEATHERWOOD CONDOMINIUMS PHS II PLUS 1.358 % INT IN COM AREA
Census Tract002410
Assessed Land Value$17,060
Assessed Improvement Value$179,088
Assessment Year2025

About this property

Fabulous updated one bedroom condo located in South Austin. Finish-out almost complete! New appliances, kitchen, bathroom, flooring, paint, the list goes on. This unit is on the 3rd floor overlooking sparkling pool. Open spacious floor plan with fireplace. Bedroom has en-suite bath. Excellent location with walking distance to Garrison Park, ACC Campus, Crockett HS.Restrictions: Yes

Investor Tools

Property Icon
$198,000
Estimated Property Value
$0Estimated Mortgage Balance
$139,248Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$392/month
$155/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,716
$196,148
2025
$17,060
$179,088
$196,148
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,716
$196,148

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Conventional
$77,600
No
First
Mar 13, 2015
Apr 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,752
$139,248
70%
30%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,460/mo
$155/mo
+$1,305/mo
8.8%

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.

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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5608 Cougar DR 301 | Property Details | No Agent List