Selected for the Terner Labs Housing Venture Lab

803 Red Bird St., Canyon Lake, TX 78133

Active
Listed 177 days ago
Owner-Occupant Eligible
$700,000
Quadplex1,600 sqft3 beds2 bathsListed May 19, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$4,625a month

We are still working out the rent on this one.

Income to qualify: about $129,000 a year

With how much down?

At 20% down ($140,000) 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 $91,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

No rent is counted for this home yet, so the cost to live here is the whole loan payment, taxes, insurance and any dues. Income to qualify uses a 43% debt-to-income limit and none of your other debts.

$35,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

RV and Pickleball Income-Producing Property Overview: This property offers strong income potential and long-term upside in a sought-after tourist area near Canyon Lake and the Guadalupe River. It is conveniently located about four minutes from Whitewater Amphitheater and the Guadalupe River, and about twenty minutes from Gruene Hall. This listing includes Lot One, priced at $749k, which features a gated community with 10-space RV park with full hookups and separate entry and exit access. Amenities include seven pickleball courts, a turf dog park, a larger dog park, seating gazebos, and two auxiliary buildings—one with a gym and private shower facilities, and the other used as an office for the pickleball courts. Also available is Lot Two, MLS #4558585, priced at $995k. It includes a separate gated entrance off 306. I has a 1,780-square-foot main home with three bedrooms and two bathrooms on 2.13 acres. The home is currently owner-occupied but could be added to a short-term rental program. The property also includes three tiny homes that operate as short-term rentals and hold 4.9-star ratings. Additional improvements include a laundry room with four washers and four dryers, a gazebo with a fireplace and grill, a metal workshop, a well house, and a storage shed. Buyers may purchase either property individually or both under combined listing MLS #5922640 for $1,739,000. Buyers should independently verify all information provided.

Quadplex

Property Type

113,256 sqft

Lot Size

1998

Year Built

Listing Date: 05/19/2026

Listed by: Steve Cossette

Listing office: RE/MAX GATEWAY

Contact: (512) 299-6570

Source: Unlock MLS #ACT5592476

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%
$700,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$700,000
Your Down Payment$140,000
Financed$560,000
Estimated Monthly Payment$4,625

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 ($140,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$4,625/month
Principal + Interest
$3,357
Property Taxes
$1,016
Home Insurance
$252
Rental Income (3 Units)
Not yet estimated
Cost to live here
$4,625/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.

Unlock MLS logo

MLS# ACT5592476 · Listing office: RE/MAX GATEWAY

Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.