Properties / Austin
Duplex2400 Berkett Dr
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 2
- Beds
- 4
- Baths
- 2
- Square feet
- 1,680
- Year built
- 1981
- Lot
- 8,973 sq ft
1981 South Austin duplex: two single-story 2-bed, 1-bath units totaling 1,680 sq ft on a 0.206-acre lot. Both units are leased: one month-to-month and one through June 2027.
Financials
From the listing
| Asking price | $500,000 | Confirmed · MLS reported |
| Price per sq ft | $298 | Calculated |
| Price per unit | $250,000 | Calculated |
| Reported rent | Not disclosed by the listing | |
| Annual property tax | $8,176 | Confirmed · MLS reported |
Realtix pro forma
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 | $37,800 | $3,150 per month · estimate, medium confidence |
| Vacancy | -$1,890 | assumption |
| Effective income | $35,910 | |
| Property taxes | -$8,176 | reported |
| Insurance | -$2,500 | assumed 0.5% of price |
| Management | -$2,873 | assumption |
| Repairs and maintenance | -$2,873 | assumption |
| Capital reserves | -$1,796 | assumption |
| Net operating income | $17,693 | |
| Estimated cap rate | 3.54% | NOI divided by asking price |
| Debt service | -$31,773 | assumption |
| Cash flow after debt | -$14,080 | per year |
| Cash-on-cash return | -10.1% | on $140,000 down payment, closing costs |
| Debt coverage (DSCR) | 0.56x | lenders usually want 1.20x or more |
- Rent: Realtix market-rent estimate (medium confidence)
- Vacancy 5%, management 8%, maintenance 8% and reserves 5% of collected rent
- Financing: 25% down, 30-year fixed at 7.6%, closing costs 3% of price
Units
| Unit A | Rent pending diligence | |
| Unit B | Rent pending diligence |
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: South Austin stabilized rental
A fully occupied, single-story duplex in 78745, one of Austin's steadiest rental zip codes. At $500,000 the price is $250,000 per unit and about $298 per square foot, the highest per square foot of the duplexes Realtix tracks, so the case depends on rent. At the RentHop October 2026 median for a 2-bed in 78745 ($1,575), both units would gross about $3,150 a month, or $37,800 a year, an estimated gross yield near 7.6% before expenses. That is a Realtix estimate; the listing confirms both units are leased but does not state the amounts. Reported annual taxes are $8,176. Plan: get the leases and rent amounts, confirm the month-to-month unit can be renewed at market, and compare against the dozen-plus similar duplexes listed near $500,000 in 78745 and 78741. Negotiating room is likely, given the competition.
Strengths
- Fully leased on day one
- Single-story units on a 0.206-acre lot
- Established South Austin rental area close to downtown
- One month-to-month lease gives flexibility to reset rent
- Reported taxes of $8,176 are moderate for the price
Risks
- Highest price per square foot of the tracked duplexes
- Estimated gross yield is lower than the others
- 78745 rents fell over the past year per RentHop
- Many similar duplexes are listed nearby at the same price
- Lease amounts not disclosed
Catalysts
- Renewing the month-to-month unit at market rent
- Negotiation against competing listings
- South Austin demand from downtown and the airport corridor
Due diligence still needed
- Lease copies and rent amounts for both units
- Tenant payment history
- Inspection and age of major systems
- Comparable duplex sales in 78745 from the last 6 months
- Insurance quote
Realtix screening score
How this score works
The score is calculated, not hand-picked. Cash flow (40%) scales the estimated cap rate from 2% to 8%. Price (25%) scales price per square foot from $320 down to $120. Building age (20%) scales the year built from 1955 to 2015. Data confidence (15%) is higher when rents are reported rather than estimated. It ignores location quality, condition inside the walls and tenant quality, which need diligence.
Realtix preliminary screening score. Not investment advice, and it does not predict returns.
Potential investment
Not currently offered through Realtix. Watch this property to be notified if Realtix decides to pursue it.
Media
No media yet.
Photos appear here only when Realtix holds confirmed rights to show them.
Map
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Sources
- Listing source
- Coldwell Banker / Unlock MLS · MLS #8484765
- Listing brokerage
- Compass RE Texas, LLC
- Last verified
- 2026-10-07
Estimated market rent (monthly): basis for Realtix estimate, as of 2026-10-06
Annual property tax: MLS reported, as of 2026-10-06
Updates
- 2026-10-07 Listing checked against the source.
- Listing 13 days on market as of the last check.