Properties / Austin
1304 San Bernard St
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 1
- Beds
- 3
- Baths
- 2
- Square feet
- 1,071
- Year built
- 1936
- Lot
- 3,397 sq ft
A 1936 East Austin cottage on a small SF-3 lot, marketed directly to experienced investors and developers and sold as-is, where-is. Location close to downtown is the main draw.
Financials
From the listing
| Asking price | $350,000 | Confirmed · MLS reported |
| Price per sq ft | $327 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Annual property tax | $9,874 | Confirmed · Public record |
Realtix flip estimate
What a buy, renovate and resell could look like. Every line is an estimate or assumption until there is a contractor bid and an appraisal.
| After-repair value | $600,000 | estimate, low confidence |
| Purchase price | -$350,000 | asking price |
| Renovation | -$120,000 | assumption |
| Buying costs | -$7,000 | assumption |
| Holding costs | -$21,000 | assumption |
| Selling costs | -$42,000 | assumption |
| Estimated profit | $60,000 | 10.0% of resale price |
| Return on cost | 12.0% | profit divided by cash and costs before sale |
- After-repair value is a Realtix estimate (low confidence) from renovated sales in the area
- Buying costs 2% of price, holding costs 1% of price per month for 6 months (interest, taxes, insurance, utilities), selling costs 7% of resale price
- Renovation budget is a Realtix assumption until a contractor bid exists
If you held it as a rental
An estimate of a typical year of ownership. Based on Realtix's market-rent estimate, because the listing does not disclose rents. Every line below is an estimate or assumption, not a reported figure.
| Gross rent | $32,400 | $2,700 per month · estimate, low confidence |
| Vacancy | -$1,620 | assumption |
| Effective income | $30,780 | |
| Property taxes | -$9,874 | reported |
| Insurance | -$1,750 | assumed 0.5% of price |
| Management | -$2,462 | assumption |
| Repairs and maintenance | -$2,462 | assumption |
| Capital reserves | -$1,539 | assumption |
| Net operating income | $12,692 | |
| Renovation budget | $120,000 | assumption; all-in cost $470,000 |
| Estimated cap rate | 2.70% | NOI divided by all-in cost |
| Debt service | -$22,241 | assumption |
| Cash flow after debt | -$9,549 | per year |
| Cash-on-cash return | -4.4% | on $218,000 down payment, closing costs and renovation |
| Debt coverage (DSCR) | 0.57x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (low confidence)
- Vacancy 5%, management 8%, maintenance 8% and reserves 5% of collected rent
- Renovation of $120,000 is paid in cash and included in the cap rate (all-in cost) and cash invested
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Realtix plan
Desk analysis complete, based on the listing and market data. Figures not confirmed by documents are marked as estimates. This is Realtix's own view, not investment advice.
Strategy: Fix and flip or redevelop
Strengths
- Central East Austin location near downtown
- Listing explicitly targets investors, signaling seller flexibility
- SF-3 zoning allows multiple-unit options under current city rules
Risks
- 1936 construction likely hides foundation, plumbing and electrical issues
- Small lot limits expansion
- Redfin estimate shown below list price
Catalysts
- Continued East Austin infill and redevelopment
- Austin HOME code changes allowing more units on SF-3 lots
Due diligence still needed
- Full inspection including foundation and sewer scope
- Confirm buildable area and HOME program eligibility with the city
- Pull recent renovated sales on nearby streets
- Check historic district or demolition review requirements
Realtix screening score
How this score works
The score is calculated, not hand-picked. For flips it weighs the estimated profit margin (40%, 0% to 20% of resale price), return on cost (25%, 0% to 30%), price per square foot (20%, $320 down to $120) and data confidence (15%). It ignores hidden repairs, permit risk and how fast the home would sell, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
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Sources
- Listing source
- Redfin · MLS #2018211
- Listing brokerage
- Phyllis Browning Company · Trinie Johnson
- Last verified
- 2026-10-08
Annual property tax: Public record, as of 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.
- Listing 15 days on market as of the last check.