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$399,000

54 Rainey Street, Austin, TX, 78701

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths756 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$527.78 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
AppliancesConvection Oven, Dryer, Dishwasher, Disposal, Refrigerator, Tankless Water Heater, Washer, Built In Oven, Microwave
FlooringTile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size605 sqft

Building Information

Year Built2005
Stories1

Land Information

APN02030313850000
Lot Number1022
SubdivisionMilago Condominiums Amended
Land UseResidential
Legal DescriptionUNT 1022 MILAGO CONDOMINIUMS AMENDED PLUS .918 % INT IN COM AREA
Census Tract001103
Assessed Land Value$455,153
Assessed Improvement Value$822,308
Assessment Year2025

About this property

Experience the vibrant energy of Austin's iconic Rainey Street District from this beautifully appointed 756-square-foot-high-rise-condominium. This stylish residence features a spacious approximately 10'x6' balcony, offering an inviting setting to take in the sparkling city lights. The modern kitchen is enhanced by built-in appliances and thoughtful finishes, while the spa-inspired bathroom offers a walk-in-shower with an oversized rain showerhead, bidet, towel warmer, and track lighting beneath the vanity for added ambiance and convenience. residents enjoy an exceptional array of amenities, including a roof top pool and lounge, full fitness center, clubhouse, dog park, elevator access, and 24-hour concierge service. Just steps from Lady Bird Lake, residents can enjoy easy access to walking, running, biking, and lake activities. With restaurants, coffee shops, bars, entertainment, and nightlife right at your fingertips, this residence offers an ideal combination of comfort, convenience, and downtown Austin Lifestyle

Investor Tools

$0Estimated Mortgage Balance
$1,563,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,378 /month
Positive
Cash Flow Estimate:
$3,126 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,830/month
$626/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,143
$1,277,461
2025
$455,153
$822,308
$1,277,461
No

Tax History

Year
Tax Paid
Assessed Value
2025
$26,143
$1,277,461

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,563,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$627/mo
+$1,813/mo
1.9%

City: Austin

54 Rainey Street | Property Details | No Agent List