For SaleRisky Deal6 days on market

2500 Steck Ave APT 4

2500 Steck Ave APT 4, Austin, TX 78757, Austin, TX 78757
$229,000
Zestimate®:$229,100$100 Under Market

Listing Price

Property image 1
2500 Steck Ave APT 4, Austin, TX 78757
Loc: Austin, TX
Days Listed
6
Tax Assessed
$279k
Zestimate®
$229k
0% Under Valued
Lot Size
1,965 sqft
Rent Estimate
$1,839/mo
Est. Cash Flow base
Type
condo

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.

3

Pillow Elementary School

PK-5
0.5 mi away
1

Burnet Middle School

6-8
0.4 mi away
8

Anderson 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

Condominium1986CentralCeiling Fan(s), Central AirAssigned, Parking Lot$325 monthly6 Days$244

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.44%
Total ROI
55.4%
Cash Flow
$-341/mo
DSCR
0.71
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-341/mo net cash flow with a 4.4% 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
2026-09-09Listed for sale$229,000$244

Tax History

YearProperty TaxTax Assessment
2025$3,844.75$279,189
2024$4,828.96$322,112
2023$3,935.08$292,829
2022$4,385.49$266,208
2021$0$242,007
2020$4,399.77$225,427
2019$4,152.64$225,427
2018$3,506.87$201,183
2017$3,506.87$182,894
2016$2,921.96$166,267
2015$2,921.96$151,152
2014$2,921.96$137,411
2013$0$143,140
2012$0$143,140
2011$0$143,140
2010$0$143,140
2009$0$153,812
2008$0$139,829
2007$0$127,117
2006$0$132,969
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
2
Baths
1
Sq Ft
938
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 2b/1ba in Austin
+18% vs. list
$
$42,210
75% Rule
Maximum Allowable Offer (MAO)
$160,455

Calculated as (75% × $270,220) − $42,210

Asking Price is $68,545 (29.9%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $160,455 based on $42,210 in required updates.
Current Asking Price:$229,000
Estimated ARV:$270,220
Estimated Renovation:$42,210
All-In Capital Basis (MAO + Rehab):$202,665
Projected Equity Margin:+$67,555
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: $229,000[Observed] Rent: $1,839/mo[Estimated] Tax Rate: 1.8% (TX)[Estimated] Hazard Ins: $150/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.44%

NOI: $10,167/yr

Cash-on-Cash Yield
-7.8%

On $52,670 invested

DSCR Ratio
0.71x

Negative debt coverage

5-Yr Leveraged ROI
+55.4%

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)-$419/mo
[Estimated]Homeowner / Hazard Insurance-$150/mo
[Defaulted]Vacancy Reserve (5% of rent)-$92/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$184/mo
[Defaulted]Property Management (8% of rent)-$147/mo
Total Pure Operating Expenses-$992/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,839/mo
Less: Operating Expenses-$992/mo
Net Operating Income (NOI)+$847/mo
Less: Debt Service (30yr @ 6.75%)-$1,188/mo
Net Cash Flow
$-341/mo
$-4,092/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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