About $4,285 a month to live here, after the rent from the other home.
A house with a second home on the lot. Live in one and rent out the other. How it works
Live here for about
The second home on the lot rents for $1,000. We hold back $150 of that for repairs and an empty month, and the rest goes toward a $5,135 monthly payment.
Income to qualify: about $134,000 a year
With how much down?
At 20% down ($152,000) 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 $99,000 of it. See the ten-year math
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.
$22,800 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
Welcome to 3008 S. 3rd Street—a rare investment opportunity in the heart of the highly sought-after Baylor Bubble! This unique property features two separate residences, offering incredible flexibility for homeowners, investors, or those looking to maximize rental income. The primary residence boasts an impressive 4-bedroom, 4.5-bathroom layout with spacious living areas designed for comfort and functionality. Complementing the main home is a detached 1-bedroom, 1-bathroom ADU, creating the perfect setup for student housing, long-term rentals, short-term vacation stays, or private guest accommodations. With just under 3,000 square feet of combined living space, this property delivers the ideal blend of space, versatility, and income-producing potential. Live in one residence while generating rental income from the other, or capitalize on both as investment properties in one of Waco’s most desirable locations. Opportunities like this are few and far between in the Baylor area. Whether you’re expanding your investment portfolio, searching for a house hack, or looking for the perfect game-day getaway with built-in income potential, 3008 S. 3rd Street checks every box.
House + ADU
Property Type
23,784 sqft
Lot Size
2023
Year Built
Listing Date: 07/30/2026
Listed by: Cameron Gomez
Listing office: Agents Of Texas, LLC
Source: NTREIS #21342202
Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.
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.
Change your offer and watch the monthly cost move.
Purchase Price
List Price
How much do you want to put down?
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.
Estimate at 20% down ($152,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
From the listing description.
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
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.
MLS# 21342202 · Listing office: Agents Of Texas, LLC
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.
At 20% down, 30-year fixed. From 3.5% down.
At 20% down, 30-year fixed. From 5% down.
At 20% down, 30-year fixed. From 3.5% down.
At 20% down, 30-year fixed. From 3.5% down.