ActiveResidential · sale

70 Rainey

Austin, TX 78701

$1,295,000

  • 2 beds
  • 2 baths
  • 1,434 sq ft
  • Built 2019

Listed by MODUS Real Estate · MLS #ACT2994804

70 Rainey, Austin, TX 78701 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2019.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The northwest corner on the 22nd floor puts Lady Bird Lake, the Congress Avenue Bridge, and the downtown skyline in a single uninterrupted frame. From the terrace at dusk, the sun drops over the water, the bats lift off the bridge, and the trail below fills with people winding down their day. Not many views in this city do all of that at once.

This is the C3 floor plan at its highest position in the building, a 2 bed, 2 bath at 1,434 square feet with 11-foot ceilings throughout. European Walnut Oak flooring, Miele appliances, marble finishes, a custom built-in wine refrigerator, and Creston solar shades. Two controlled-access parking spaces included.

31,000+ square feet of amenities: pool, hot tub, outdoor cooking, dog park, fitness center, theater room, and 24-hour concierge.

The Rainey corridor is at a turning point. Construction has settled, new trail connections and street-level openings are close, and the neighborhood is weeks away from becoming what it was always planned to be. This is the window before that happens.
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THE NEIGHBORHOOD

Explore the location.

70 Rainey, Austin, TX 78701

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2019
Full baths
2
Half baths
0
Garage spaces
2
Cooling
Central Air
Heating
Central
Appliances
Built-In Gas Range, Built-In Oven(s), Built-In Refrigerator, Dishwasher, Disposal, Dryer, Freezer, Microwave, Washer, Wine Refrigerator
Flooring
No Carpet, Tile, Wood
Fencing
None
Accessibility
Accessible Elevator Installed
Pool features
Cabana, Heated, Rooftop Pool, Salt Water, Waterfall
Subdivision
70 Rainey
Parcel
02030320020000
HOA
70 Rainey
HOA amenities
See Remarks
HOA fee frequency
Monthly
Elementary school
Mathews
Middle school
O Henry
High school
Austin
Annual property tax
$24,428.90
HOA fee
$1,607.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$262.80
Estimated monthly rent$5,395.83
Cap rate0.49%

Annual operating income: $6,391.07

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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70 Rainey, Austin, TX 78701 · MLS #ACT2994804

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Property inquiries go to help@erabrokers.com.

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Listing information

MLS #ACT2994804 · Austin Board of Realtors

Listing brokerage: MODUS Real Estate
Listing agent: Jacob Hannusch

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.