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$238,584

5616 Emerald Forest DR 124, Austin, TX, 78745

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths907 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$202.64 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
HeatingHeating
CoolingCooling
AppliancesElectric Cooktop, Dishwasher, Disposal, Microwave, Stainless Steel Appliance(s)
FlooringCarpet, Tile, Vinyl, See Remarks

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size1,825 sqft

Building Information

Year Built1982
Stories2
Roof Type105

Land Information

APN04131111250000
Lot Number124
SubdivisionCanterbury Commons Condominiums
Land UseResidential
Legal DescriptionUNT 124 BLD F CANTERBURY COMMONS CONDOMINIUMS PLUS 4.1197% INTEREST IN COMMON AREA
Census Tract002409
Assessed Land Value$27,398
Assessed Improvement Value$211,186
Assessment Year2025

About this property

CLOSE to SoCo & Downtown UNDER $185,000! This updated 2 bedroom condo has NO neighbors above. It features beautiful wood like flooring, custom kitchen cabinets with Quartz counters, stainless appliances & a personal wood deck. LARGE master bedroom w/ WALK IN closet will fit a King size bed. It's located in a small condo community that is close proximity to a bus stop, hospital, banks, movie theater, pharmacies, eateries & groceries. SoCo is 4 miles away! Downtown is accessible WITHOUT getting on I35.Restrictions: Unknown

Investor Tools

Property Icon
$238,584
Estimated Property Value
$0Estimated Mortgage Balance
$229,684Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,432 /month
Positive
Cash Flow Estimate:
$477 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$544/month
$210/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,337
$238,584
2025
$27,398
$211,186
$238,584
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,337
$238,584

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sierra R Ready
Seller Carryback / Seller Financing / Seller Take-Back
$10,100
No
First
Apr 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,900
$229,684
96%
4%
$61/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,710/mo
$271/mo
+$1,439/mo
8.6%

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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