Selected for the Terner Labs Housing Venture Lab

301 Red Cedar Drive, Princeton, TX 75407

Active
Listed 42 days ago
Owner-Occupant Eligible
$555,000

About $2,834 a month to live here, after the rent from the other home.

House + ADU3,464 sqft4 beds4 bathsListed Oct 1, 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

$2,834a month

The second home on the lot rents for $1,275. We hold back $191 of that for repairs and an empty month, and the rest goes toward a $3,918 monthly payment.

Income to qualify: about $97,000 a year

With how much down?

At 20% down ($111,000) 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 $72,000 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.

$16,650 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

This 2022 Lennar Next Gen home in Arcadia Farms makes multigenerational living effortless. With 4 bedrooms, 3.5 baths, a dedicated office, and just under 3,500 square feet on a generous corner lot, this flexible and open floor plan is designed around the way you actually live. The guest suite isn't a spare room; it's a home of its own. A private entrance opens to a comfortable living area and a kitchenette with a 4-burner electric range, full-size microwave, dishwasher, and refrigerator. A bedroom with walk'n closet and a full bath complete the suite, giving loved ones true independence while keeping them close enough to drop in for coffee. The main home is built for gathering. The expansive kitchen bright white cabinetry, a gas cooktop, and a large island that naturally becomes the heart of the home flows right into the living room. The breakfast room overlooks the backyard, and the living room's gas fireplace sets the scene for cozy evenings before opening to a covered patio and spacious yard ready for cookouts and celebrations. When it's time to focus, French doors close off the dedicated office. When it's time to unwind, the expansive media room hosts movie marathons and game days. An epoxy-finished garage rounds out this nearly new, move-in-ready home. Whether you're welcoming parents, adult children, or long-term guests, this home gives everyone privacy without the distance. Schedule your private tour of 301 Red Cedar Drive in Princeton today.

House + ADU

Property Type

6,839 sqft

Lot Size

2022

Year Built

Listing Date: 10/01/2026

Listed by: Beth Douglas

Listing office: Compass RE Texas, LLC

Source: NTREIS #21371365

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%
$555,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$555,000
Your Down Payment$111,000
Financed$444,000
Estimated Monthly Payment$3,918

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 ($111,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,918/month
Principal + Interest
$2,662
Property Taxes
$681
Home Insurance
$535
HOA$40
Rental Income (1 Unit)
$1,275/month

From market rates for this unit's size.

Rental Expenses
-$191
Cost to live here
$2,834/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# 21371365 · Listing office: Compass RE 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.