Selected for the Terner Labs Housing Venture Lab

948 Upper Elgin River Rd, Elgin, TX 78621

Active
Listed 139 days ago
Owner-Occupant Eligible
$1,275,000

About $7,536 a month to live here, after the rent from the other home.

House + ADU3,825 sqft4 beds4 bathsListed Jun 26, 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

$7,536a month

The second home on the lot rents for $1,138. We hold back $188 of that for repairs and an empty month, and the rest goes toward a $8,486 monthly payment.

Income to qualify: about $227,000 a year

With how much down?

At 20% down ($255,000) 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 $166,000 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.

$38,250 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Experience refined country living in this exceptional 4-bedroom, 4-bath estate, where luxury, comfort, and breathtaking panoramic views come together in a truly remarkable setting. Designed for both elegant entertaining and everyday living, the gourmet kitchen with custom cabinetry, gas cooktop with griddle, oversized farmhouse sink, trash compactor, center island with prep sink, breakfast bar, and inviting dining room is thoughtfully positioned to capture the beauty of the surrounding landscape. The walk-in pantry is also a functional safe room during storms. There is also a generator, for backup power, when needed. The grand family room is anchored by a stunning floor-to-ceiling stone fireplace and custom built-ins with storage. The primary retreat offers a serene escape, complete with a sitting area, direct patio access, dual vanities, dual walk-in closets with built-in shelving and chests, a glass-enclosed shower, and a luxurious corner soaking tub. The home also features a junior primary bedroom, a third bedroom with ensuite bath, and a dedicated office with abundant built-in storage. Throughout the home, thoughtful architectural details, abundant built-in storage, and seamless access to expansive covered porches enhance both form and function. A large laundry room with utility sink and dedicated sewing and craft space further enhances practicality, while the huge, fully floored attic with easy stair access provides exceptional additional storage. Complementing the main residence is a charming one-bedroom guest cabin that offers exceptional flexibility and privacy. Currently operating as a successful Airbnb, the cabin features its own kitchen, living area, and covered porches with stunning views from the back porch, creating an ideal turnkey opportunity for continued short-term rental income. This extraordinary property presents a rare opportunity to enjoy luxury country living and income-producing asset and endless possibilities.

House + ADU

Property Type

1,175,989 sqft

Lot Size

1998

Year Built

Listing Date: 06/26/2026

Listed by: Chris Watters

Listing office: Watters International Realty

Contact: (737) 313-5275

Source: Unlock MLS #ACT2389666

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%
$1,275,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,275,000
Your Down Payment$255,000
Financed$1,020,000
Estimated Monthly Payment$8,486

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 ($255,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$8,486/month
Principal + Interest
$6,115
Property Taxes
$1,796
Home Insurance
$575
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$188
Cost to live here
$7,536/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# ACT2389666 · Listing office: Watters International Realty

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.