Selected for the Terner Labs Housing Venture Lab

205 Rowland Dr, Austin, TX 78745

Active
Listed 118 days ago
Owner-Occupant Eligible
$635,000

About $2,908 a month to live here, after the rent from the other home.

House + ADU1,725 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

$2,908a month

The second home on the lot rents for $1,680. We hold back $328 of that for repairs and an empty month, and the rest goes toward a $4,260 monthly payment.

Income to qualify: about $104,000 a year

With how much down?

At 20% down ($127,000) 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 $83,000 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.

$19,050 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Welcome to 205 Rowland Drive, a beautifully renovated Austin residence that seamlessly blends modern style, comfort, and versatility. Thoughtfully designed, this exceptional home offers three spacious bedrooms and three-and-a-half bathrooms, creating a functional layout ideal for both everyday living and entertaining. Upon entry, a welcoming hallway leads to the heart of the home, where the open-concept living and dining areas flow effortlessly into a stunning kitchen. Anchored by an oversized island, the kitchen provides the perfect setting for gathering with family and friends while offering abundant workspace and storage. The private primary suite serves as a relaxing retreat, featuring a spa-inspired bathroom complete with a soaking tub. Each secondary bedroom enjoys its own private bathroom, providing comfort and convenience for family and guests. A standout feature of the home is the attached garage apartment with its own private entrance, offering a bedroom, living area, full bathroom, and kitchenette. This flexible space is ideal for guests, multigenerational living, a home office, or potential rental income. Step outside to enjoy the private patio, perfect for relaxing or entertaining, while the generously sized lot provides ample space for outdoor enjoyment and future possibilities. Ideally located in Austin, this move-in-ready property offers a rare combination of style, flexibility, and income-producing potential. Discover all that 205 Rowland Drive has to offer.

House + ADU

Property Type

7,405 sqft

Lot Size

1964

Year Built

Listing Date: 07/17/2026

Listed by: Gris Montelongo

Listing office: Compass RE Texas, LLC

Contact: (512) 296-4671

Source: Unlock MLS #ACT9226133

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%
$635,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$635,000
Your Down Payment$127,000
Financed$508,000
Estimated Monthly Payment$4,260

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 ($127,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$4,260/month
Principal + Interest
$3,046
Property Taxes
$929
Home Insurance
$285
Rental Income (1 Unit)
$1,680/month

From nearby rental comps.

Rental Expenses
-$328
Cost to live here
$2,908/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# ACT9226133 · Listing office: Compass RE Texas, LLC

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.