About This Home

Property is Vacant. Owners Are Ready To Sell This One At A Good Price. Make Your Offer! A Good Property in a Great Location. Stipulations By Seller: 1. View the Property Before Writing An Offer. 2. Option Money is a Minimum of $300.00 per Each Contract. 3. A Maximum of 12 Calendar Days for the Option Period. Great Make Over Property, Or Demolish And Build Townhomes. A Quiet Loop Street to Get Away From Traffic Noise. Text Listing Agent for Showing.

At $187/sqft, this home is 52% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1423 Berene Ave, Austin, TX 78721

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Property Details

Price $299,500

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,601 sqft

Lot Size 0.16 acres (7,056.72 sqft)

Year Built 1955

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Cedar Valley

County Travis

Zip Code 78721

$/sqft $187/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,744

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT175471817

List Date January 10, 2025

Elementary School Sims

Middle School Martin

High School Northeast Early College

School District ,

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed

1112 Terry Dr
Hobbs Add $275,000 $181 4 bd / 4 ba 1,521 sqft , 2025-10-13

1122 Spur #D St #D
Pecan Valley $330,000 $288 3 bd / 2 ba 1,144 sqft , 2026-05-14

4709 Leslie Ave
Cedar Valley $342,000 $321 3 bd / 1 ba 1,064 sqft , 2026-04-09

4614 Bundyhill Dr
Crest Hills Sec 01 $250,000 $168 4 bd / 2 ba 1,491 sqft , 2026-05-12

1421 Berene Ave
Cedar Valley $349,000 $317 3 bd / 1 ba 1,101 sqft , 2026-06-04

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent

$1,438/mo

0.48% rule · conservative Austin est.

Gross Yield

5.76%

Annual rent ÷ purchase price

Cap Rate (est.)

3.46%

NOI after 40% vacancy + expenses

Down Payment

$59,900

20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,438

Principal + Interest−$1,634

Property Tax (~2.1% TX avg)−$524

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-845

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on April 14, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

1423 Berene Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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