Active
2 units4 bd3 ba2,184 sqft
Cost to live here
$3,494/moafter $1,028/mo in rent
Income to qualify: about $112,000 a year, rent counted
At 20% down, 30-year fixed. From 3% down.
$650,000•House + ADU
157 Lorne Rd, Canyon Lake, TX 78133
14147 FM 306, Canyon Lake, TX 78133
Active
Listed 141 days agoOwner-Occupant Eligible
About $5,042 a month to live here, after the rent from the other home.
House + ADU1,780 sqft3 beds2 bathsListed Jun 24, 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
$5,042a month
The second home on the lot rents for $956. We hold back $158 of that for repairs and an empty month, and the rest goes toward a $5,840 monthly payment.
Income to qualify: about $154,000 a year
With how much down?
At 20% down ($190,000) 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 $124,000 of it. See the ten-year math
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.
$28,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
Rare Canyon Lake acreage property with a main residence plus three separate guest cottages. Set on approximately 2.13 acres, this flexible Hill Country property offers a 3-bedroom, 2-bath single-story home with multiple dwellings onsite, gated entry, mature trees, covered outdoor living, a patio with fireplace, laundry facility, 1,642 sqft workshop, well house, and storage shed. Conveniently located near Canyon Lake, the Guadalupe River, Whitewater Amphitheater, and Gruene. This private property blends residential comfort with large workshop and multiple residential flexibility. Ideal as a full-time residence, weekend retreat, family compound, or property with supplemental income potential, this is a rare opportunity to own a truly unique Canyon Lake estate where the possibilities are limited only by your imagination. Buyer to independently verify square footage, acreage, use, rental income, permits, utilities, restrictions, and all property information.
House + ADU
Property Type
92,783 sqft
Lot Size
1998
Year Built
Listing Date: 06/24/2026
Listed by: Steve Cossette
Listing office: RE/MAX GATEWAY
Contact: (512) 299-6570
Source: Unlock MLS #ACT2921582
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%
$950,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$950,000
Your Down Payment$190,000
Financed$760,000
Estimated Monthly Payment$5,840
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 ($190,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$5,840/month
Principal + Interest
$4,557Property Taxes
$1,016Home Insurance
$267Rental Income (1 Unit)
$956/month
From the listing description.
Rental Expenses
-$158Cost to live hereCost to live here, after rent
$5,042/month
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
LOCATION
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.
MLS# ACT2921582 · 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.
