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$611,000

6117 Richardson LN B, Austin, TX, 78741

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,158 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$396.37 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Gas Cooktop, Microwave, Vented Exhaust Fan, Electric Water Heater
FlooringLaminate, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size7,971 sqft

Building Information

Year Built2023
Stories2
Garage Spaces1

Land Information

APN03051603390000
Lot Number1
SubdivisionJanzow Addn
Land UseResidential
Legal DescriptionLOT 1 BLK A JANZOW ADDN
Census Tract002327
Assessed Land Value$250,000
Assessed Improvement Value$138,412
Assessment Year2024

About this property

Welcome to your dream home built by Austin Prestigious Affordable Luxury Builder ARISE HOMES!!! This beautiful 4 bedroom, 3 bathroom modern home is the perfect choice for anyone who wants to live in comfort and style in East Austin. Sitting on a lovely, historic dead-end ie low traffic street. This side of Richardson Ln is located west of Montopolis Drive and empties into a pocket park, which leads to the expansive Roy G. Guererro Metro Park, the lower Colorado River - Secret Beach, an 18-hole disc golf course, and miles and miles of trails leading all over Austin. Walk to ACC Riverside campus and the Riverside Golf Course. Ride your bike to Justine's, Koko's Bavarian, Jacoby's, Central Machine Works. The list goes on and on. With a spacious layout that maximizes every inch of the property, you will love the feel of the open concept floor plan. Enjoy the tranquility of your fully equipped kitchen with its stainless steel appliances, ample counter space and plenty of cabinetry. The bedrooms are perfectly sized with natural light and space for rest and relaxation. All bathrooms have been fully equipped with high-end finishes. You will love entertaining and relaxing in the large private backyard, with its lush greenery and outdoor seating with fireplace area. Prewired for cat 2 wired internet, interior and exterior security lights, smart lightning. This home is located in the heart of a peaceful neighborhood yet close to all the major shopping, dining, and entertainment options you could ever want, only 7mins drive to the Airport and Tesla. Suitable as investment property and perfect for the savvy investor looking to build their rental portfolio. Don't miss out on this incredible opportunity to own a home that truly has it all. Ask for seller available concessions if buying both units.

Investor Tools

Property Icon
$611,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,666 /month
Positive
Cash Flow Estimate:
$1,222 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$681/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,121
$258,412
2024
$250,000
$138,412
$388,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,121
$258,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nexus Series B Llc
Purchase Money Mortgage
$720,000
No
First
Oct 27, 2022
Feb 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$672,123
N/A
0%
110%
$4,317/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$4,317/mo
$-2,229/mo
4.1%

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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