Properties / Austin
2411 S 5th St
This property is being displayed for real-estate discovery and analysis. It is not currently an investment offering through Realtix.
Overview
- Units
- 6
- Square feet
- 4,760
- Year built
- 1960
- Lot
- 15,246 sq ft
A six-unit 1960 building in 78704 with four 1-bed and two 2-bed units, marketed as value-add. MF-4 zoning with a 60-foot height limit on 0.35 acres is the bigger story.
Financials
From the listing
| Asking price | $1,400,000 | Confirmed · Listing agent |
| Price per sq ft | $294 | Calculated |
| Price per unit | $233,333 | Calculated |
| Reported rent | Not disclosed by the listing |
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 | $98,400 | $8,200 per month · estimate, low confidence |
| Vacancy | -$4,920 | assumption |
| Effective income | $93,480 | |
| Property taxes | -$28,000 | assumed 2% of price |
| Insurance | -$7,000 | assumed 0.5% of price |
| Management | -$7,478 | assumption |
| Repairs and maintenance | -$7,478 | assumption |
| Capital reserves | -$4,674 | assumption |
| Net operating income | $38,849 | |
| Estimated cap rate | 2.77% | NOI divided by asking price |
| Debt service | -$88,965 | assumption |
| Cash flow after debt | -$50,116 | per year |
| Cash-on-cash return | -12.8% | on $392,000 down payment, closing costs |
| Debt coverage (DSCR) | 0.44x | 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
- 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 | |
| Unit C | Rent pending diligence | |
| Unit D | Rent pending diligence | |
| Unit E | Rent pending diligence | |
| Unit F | 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: Value-add with redevelopment upside
Strengths
- MF-4 zoning allows up to 60 ft, rare for a small 78704 lot
- Low price per unit for South Austin
- Ample surface parking
Risks
- 1960 building with likely deferred maintenance
- No income data on the listing
- Listing shows conflicting building sizes (4,482 vs 4,760 sf)
Catalysts
- Renovate units to market 78704 rents
- Redevelop to higher density under MF-4
Due diligence still needed
- Get the rent roll and trailing operating statement
- Confirm building size and lot with Travis CAD
- Model redevelopment feasibility under MF-4 including compatibility rules
- Note the search page showed a $1,250,000 price, so confirm current ask with the broker
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.
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Sources
- Listing source
- CityFeet (LoopNet network)
- Listing brokerage
- Christie's International Real Estate · Brett Silverman
- Last verified
- 2026-10-08
Updates
- 2026-10-08 Listing checked against the source.