Active
2 units5 bd4 ba2,153 sqft
Cost to live here
$4,868/moafter $1,567/mo in rent
Income to qualify: about $153,000 a year, rent counted
At 20% down, 30-year fixed. From 3% down.
$985,000•House + ADU
299 River Place, Johnson City, TX 78636
504 N Ave N, Johnson City, TX 78636
Active
Listed 122 days agoOwner-Occupant Eligible
About $2,902 a month to live here, after the rent from the other home.
House + ADU1,623 sqft3 beds2 bathsListed Jul 13, 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
$2,902a 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 $3,852 monthly payment.
Income to qualify: about $97,000 a year
With how much down?
At 20% down ($115,000) 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 $75,000 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.
$17,250 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
Situated on 2 acres in the heart of Johnson City, this property offers a rare combination: a well-maintained main home plus an income-producing guest cottage, just blocks from the courthouse square. Whether you're looking for a family home, a vacation property, or a short-term rental investment, this one delivers on all fronts. The main home offers 1,623 square feet, 3 bedrooms, and 2 bathrooms, laid out for comfortable everyday living. Vaulted ceilings and large windows keep the main living room bright and open, and the spacious back patio, covered by a charming pergola, is an easy place to spend an evening outdoors. An oversized garage and workshop add valuable space for storage and the new roof offers peace of mind. The detached guest cottage is where this property really sets itself apart. Currently operating as a short-term rental with the STR license conveying to the new owner, the cottage has a proven track record of consistent bookings. A seating area in the front courtyard, framed by mature trees, welcomes you before you even step inside. The interior opens into a sunroom with a dining nook and electric fireplace, a peaceful spot for morning coffee before heading into town. Beyond the sunroom, the main living area carries a cozy wood cabin feel, and a full bathroom with a walk-in shower sits at the back of the cottage. Conveniently located in close proximity to many restaurants, shops, tasting rooms, and live music, putting the best of small-town Hill Country living within easy reach. Don't miss this great opportunity!
House + ADU
Property Type
87,120 sqft
Lot Size
1996
Year Built
Listing Date: 07/13/2026
Listed by: Tricia Keith
Listing office: Keller Williams Realty
Contact: (830) 330-0015
Source: Unlock MLS #ACT5239238
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%
$575,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$575,000
Your Down Payment$115,000
Financed$460,000
Estimated Monthly Payment$3,852
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 ($115,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$3,852/month
Principal + Interest
$2,758Property Taxes
$850Home Insurance
$244Rental Income (1 Unit)
$1,138/month
From the listing description.
Rental Expenses
-$188Cost to live hereCost to live here, after rent
$2,902/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# ACT5239238 · Listing office: Keller Williams 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.
