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$453,815

NAL Estimated Property Value

7011 Millrace Dr, Austin, TX, 78724

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,114 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$107.99 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
HeatingHeating
CoolingCooling
AppliancesDisposal, Free-Standing Range
FlooringCarpet, Laminate

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size10,271 sqft

Building Information

Year Built1977
Stories2
Roof Type105

Land Information

APN02212905060000
Lot Number6
SubdivisionLas Cimas Sec 1
Land UseResidential
Legal DescriptionLOT 6 BLK 6 LAS CIMAS SEC 1
Census Tract002201
Assessed Land Value$105,136
Assessed Improvement Value$348,679
Assessment Year2025

About this property

So much potential with this house! Roof new in 2016, HVAC in 2017. Open floor plan with a huge living room and fireplace. Master bedroom is extra large as well. The garage was converted years ago but can easily be converted back or fixed up as 2 more bedrooms, a playroom, mancave, etc... There is room to add a 1/2 bath in the laundry area. Renovated houses are selling for 325K+ in this area. With 2 big items already done this is an easy flip or great family home. Previously rented for 1600.00

Investor Tools

Property Icon
$453,815
Estimated Property Value
$1,176,012Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,723 /month
Positive
Cash Flow Estimate:
$908 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$859/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,044
$453,815
2025
$105,136
$348,679
$453,815
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,044
$453,815

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of The Ozarks
Open End Mortgage / Open End With Future Advance Clause
$900,000
No
First
Mar 24, 2021
Mar 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,176,012
N/A
0%
259%
$7,783/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$7,783/mo
$-5,367/mo
6.4%

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.

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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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7011 Millrace Dr | Property Details | No Agent List