Selected for the Terner Labs Housing Venture Lab

1092 FM 3000, Elgin, TX 78621

Active
Listed 125 days ago
Owner-Occupant Eligible
$1,200,000

About $8,835 a month to live here, after the rent from the other home.

House + ADU5,816 sqft5 beds7 bathsListed Jul 10, 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

$8,835a month

The second home on the lot rents for $1,005. We hold back $151 of that for repairs and an empty month, and the rest goes toward a $9,689 monthly payment.

Income to qualify: about $261,000 a year

With how much down?

At 20% down ($240,000) 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 $157,000 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.

$36,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

This exceptional 10-acre hospitality and event property, minutes from Elgin and less than an hour from downtown Austin, offers a rare opportunity for investors, event operators, hospitality groups, churches, nonprofits, retreat providers, or entrepreneurs seeking a turnkey venue with multiple income possibilities.The 5,800+ sq. ft. main residence is designed for large gatherings and overnight accommodations. The walk-out lower level features a commercial kitchen, expansive gathering space, masonry fireplace, and multiple restrooms, making it ideal for weddings, receptions, retreats, corporate events, celebrations, and meetings. Multiple private suites and separate living areas comfortably accommodate guests, bridal parties, retreat leaders, or staff.Additional improvements include a detached garage apartment for extra lodging, an insulated workshop for storage or operations, and equestrian amenities including a barn, horse stalls, and covered round pen, creating opportunities for western-themed weddings, equestrian events, and riding programs. A private well and substantial rainwater collection system support efficient operations. The scenic grounds feature mature trees, open pasture, beautiful views, and ample space for outdoor ceremonies, reception tents, wellness retreats, festivals, photography, and future expansion. Guests enjoy a peaceful destination setting with convenient access to the Austin metro area. Potential uses include a wedding and event venue, corporate, church, or wellness retreat center, boutique lodging or bed and breakfast (subject to approvals), short-term rental destination, family compound, multigenerational estate, equestrian facility, or educational or nonprofit retreat campus. Properties offering this combination of event infrastructure, overnight accommodations, equestrian amenities, and proximity to Austin are increasingly rare. Buyer should independently verify zoning, permitting requirements, and suitability for intended use.

House + ADU

Property Type

435,600 sqft

Lot Size

2006

Year Built

Listing Date: 07/10/2026

Listed by: Evan Downey

Listing office: EXP REALTY

Contact: (949) 933-7807

Source: Unlock MLS #ACT5652736

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%
$1,200,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,200,000
Your Down Payment$240,000
Financed$960,000
Estimated Monthly Payment$9,689

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 ($240,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$9,689/month
Principal + Interest
$5,756
Property Taxes
$3,059
Home Insurance
$874
Rental Income (1 Unit)
$1,005/month

From the listing description.

Rental Expenses
-$151
Cost to live here
$8,835/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# ACT5652736 · Listing office: EXP 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.