Selected for the Terner Labs Housing Venture Lab

5004 Gholson Road, Waco, TX 76705

Active
Listed 118 days ago
Owner-Occupant Eligible
$1,100,000

About $6,080 a month to live here, after the rent from the other home.

House + ADU3,145 sqft3 beds4 bathsListed Jul 17, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$6,080a month

The second home on the lot rents for $1,138. We hold back $171 of that for repairs and an empty month, and the rest goes toward a $7,047 monthly payment.

Income to qualify: about $186,000 a year

With how much down?

At 20% down ($220,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $144,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$33,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

This rustic lodge-style retreat sits on approximately 7.5 acres of open Texas land, set behind a gated entry with a long private drive that gives the whole place a quiet, tucked-away feel. The wraparound porch pulls you in right away, and the outdoor spaces are set up for unwinding with room to grill, gather, or relax under the wide country sky. Inside, the home blends stone accents, stained concrete floors, wood beams, and custom trim, creating warm spaces filled with natural light. The living room centers around a pellet stove and opens to a kitchen that’s both stylish and practical with granite countertops, a large island, and stainless-steel appliances. The main-level suite feels peaceful with its own laundry room, a fully tiled walk-in shower, and a spacious closet. Upstairs offers two additional bedrooms, two ensuite-full baths, and a generous loft that overlooks the main living area, giving everyone room to spread out. The property includes an impressive collection of workshops and storage buildings (over 12,000 sq. ft) with room for equipment, projects, and hobbies. One building features an upstairs apartment with two bedrooms, two baths, a full kitchen, and its own deck, making it ideal for guests or other uses. For those who enjoy tending animals or simply appreciate well-planned space, the barn includes a chicken coop, aviary, tack room, power, water, and a covered area, all set near the tank that serves as a useful water source. There’s a sense of calm throughout the property, from the stone paths winding between buildings to the open green views that stretch out in every direction. With its thoughtful layout, flexible spaces, and relaxed setting, this place offers a lifestyle that feels both grounded and inviting.

House + ADU

Property Type

326,700 sqft

Lot Size

2017

Year Built

Listing Date: 07/17/2026

Listed by: Jeffery Bird

Listing office: Keller Williams Realty, Waco

Source: NTREIS #21329772

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$1,100,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,100,000
Your Down Payment$220,000
Financed$880,000
Estimated Monthly Payment$7,047

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($220,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,047/month
Principal + Interest
$5,276
Property Taxes
$1,322
Home Insurance
$449
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$171
Cost to live here
$6,080/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21329772 · Listing office: Keller Williams Realty, Waco

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.