For SaleRisky Deal1 days on market

3618 S 2nd St

3618 S 2nd St, Austin, TX 78704, Austin, TX 78704
$625,000

Listing Price

Property image 1
3618 S 2nd St, Austin, TX 78704
Loc: Austin, TX
Days Listed
1
Tax Assessed
$620k
Lot Size
6,695 sqft
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

Galindo Elementary School

PK-5
0.1 mi away
4

Fulmore Middle School

6-8
1.5 mi away
1

Travis High School

9-12
1.6 mi away
Haven Underwritten Market·Moderate (1.10 - 1.24x)

Austin, TX Investment Analysis (2026)

Cap Rate Range: 5.1% - 6.2% · Median Rent: $2,950/mo · Effective Tax: 1.8%

Open Austin Market Underwrite

Property Overview

No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.

Features & Amenities

Single Family Residence2001Central, SolarCeiling Fan(s), Central AirAttached Garage6,695 sqft1 Day$430

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.01%
Total ROI
67.7%
Cash Flow
$-636/mo
DSCR
0.80
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-636/mo net cash flow with a 5.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Prime residential location in Austin, TX
  • Long-term capital appreciation corridor
Considerations
  • Verify historical operating expenses and local tax assessment
  • Confirm current lease terms and tenant estoppel certificates

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-14Listed for sale$625,000$430
2016-06-01Sold$0
2011-06-03Sold$0
2011-04-30Pending sale$279,900$193
2011-02-05Price change$279,900$193
2010-11-20Price change$289,900$199
2010-10-09Listed for sale$299,900$206

Tax History

YearProperty TaxTax Assessment
2025$10,049.77$619,676
2024$11,306.39$686,699
2023$10,542.79$702,635
2022$10,925.58$638,759
2021$0$580,690
2020$10,533.4$527,900
2019$10,238.74$534,397
2018$8,731.46$483,651
2017$8,731.46$440,000
2016$8,534.85$456,940
2015$8,534.85$424,597
2014$8,534.85$358,637
2013$0$342,561
2012$0$263,886
2011$0$316,930
2010$0$288,118
2009$0$261,925
2008$0$238,114
2007$0$239,700
2006$0$243,708
2005$0$223,625
2002$6,749.12$269,490
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
1,454
Address-Level Value-Add Underwriting

ARV, Rehab & Maximum Allowable Offer (MAO)

Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.

Modeled value-add projection (+18% baseline) for 3b/3ba in Austin
+18% vs. list
$
$65,430
75% Rule
Maximum Allowable Offer (MAO)
$487,695

Calculated as (75% × $737,500) − $65,430

Asking Price is $137,305 (22.0%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $487,695 based on $65,430 in required updates.
Current Asking Price:$625,000
Estimated ARV:$737,500
Estimated Renovation:$65,430
All-In Capital Basis (MAO + Rehab):$553,125
Projected Equity Margin:+$184,375
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Provenance:[Observed] List Price: $625,000[Estimated] Rent: $5,000/mo[Estimated] Tax Rate: 1.8% (TX)[Estimated] Hazard Ins: $313/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.01%

NOI: $31,290/yr

Cash-on-Cash Yield
-5.3%

On $143,750 invested

DSCR Ratio
0.80x

Negative debt coverage

5-Yr Leveraged ROI
+67.7%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
[Estimated]Property Taxes (1.8% of basis)-$930/mo
[Estimated]Homeowner / Hazard Insurance-$313/mo
[Defaulted]Vacancy Reserve (5% of rent)-$250/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$500/mo
[Defaulted]Property Management (8% of rent)-$400/mo
Total Pure Operating Expenses-$2,393/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,000/mo
Less: Operating Expenses-$2,393/mo
Net Operating Income (NOI)+$2,607/mo
Less: Debt Service (30yr @ 6.75%)-$3,243/mo
Net Cash Flow
$-636/mo
$-7,626/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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3618 S 2nd St | Austin, TX | Haven AI Analysis | Haven by ScoutHavens