Listing photoLockhart, TX 78644 · MLS 5113261
"This is a cash-only, as-is sale, priced to reflect the work needed."
903 Travis St is a 3-bedroom, 2-bath home in Lockhart, Texas listed at $205,000 with 1,353 square feet, built in 1995. The seller is asking for cash or hard money, so it is priced here on our fix and flip loan: an investor with 1 to 2 completed projects and a 740 score puts 25% down ($51,250), we fund the $156,420 renovation estimate in draws, and the loan closes in 2 weeks. The down payment steps with experience, credit and the size of the renovation. See every hard money opportunity in Texas or our Texas hard money lending page.
From the listing. Calling all buyers and investors to this opportunity in the heart of Lockhart, one of Central Texas's most sought-after and fast-growing communities. This is a cash-only, as-is sale, priced to reflect the work that is needed including but not limited to: foundation with a 3" differential, plumbing, electrical, structural issues in the attic, HVAC, gas, water heater, and more. Bring your contractor, bring your vision, and bring an offer. This 3-bedroom, 2-bath home offers 1,422 square feet on a spacious 0.21-acre lot, with a functional layout and real upside for the right buyer ready to put in the work. 903 Travis St features a great floor plan with a natural flow — a strong foundation for a buyer to renovate and enjoy or an investor to flip. With a track record as a rental and some vision and investment, it's positioned to deliver strong returns in a market where demand keeps climbing. Location is a major asset here: steps from Lockhart's celebrated BBQ scene, local shops, schools, and easy access to major roadways connecting you to Austin and beyond — small-town charm with serious upside potential. **Information contained herein is deemed reliable but not guaranteed and is provided for informational purposes only. Buyer and buyer's agent are solely responsible for independently verifying all information, facts, measurements, and condition of the property prior to closing.**
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
| Item | Fix and flip: 25% down | |
|---|---|---|
| At closing | ||
| Qualifies as entered | Yes | |
| Buyer down payment | $51,250 (25%) | |
| Loan at closing | $153,750 | |
| Full renovation, rough estimate* | We fund $156,420 | |
| Total loan | $310,170 | |
| Rate, interest only | from 9.75% | |
| Points | 1.5 ($4,653) | |
| Appraisal | Required | |
| Estimated monthly interest | $2,520 at full draw | |
| Cash to close, rough estimate | $60,293 | |
Rough estimates at the list price of $205,000 for a 740 score and 1 completed project. This is not a commitment to lend.
*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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