Selected for the Terner Labs Housing Venture Lab

281 Earl Callahan Rd, Cedar Creek, TX 78612

Active
Listed 95 days ago
Owner-Occupant Eligible
$674,900

About $3,851 a month to live here, after the rent from the other home.

House + ADU2,608 sqft4 beds4 bathsListed Aug 9, 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

$3,851a month

The second home on the lot rents for $807. We hold back $133 of that for repairs and an empty month, and the rest goes toward a $4,525 monthly payment.

Income to qualify: about $119,000 a year

With how much down?

At 20% down ($134,980) 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 $88,000 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.

$20,247 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Set on 8.44 private acres in Cedar Creek, this wooded homestead is built for buyers who want land that works as hard as they do, with room to garden, keep bees and chickens, and enjoy true country privacy. An agricultural use-value exemption is in place for the working apiary, which helps keep property taxes lower. Mature trees, established gardens, and a seasonal pond attract songbirds and wildlife nearly year-round. Inside, the 2037sqft (approx) 3BR/2.5BA main home has new hardwood flooring, fresh paint, and a refinished bathtub and shower, so you get updated interiors with rustic, tucked-into-the-woods charm. The open floor plan flows out to decks, and large windows bring the outdoors in. The kitchen and dining areas look out on an established native garden bed framed by mature oaks. A separate 543sqft (approx) garage apartment has its own bedroom, bath, and newer appliances, so it works well as a guest suite, home office, or rental. Recent improvements include a replaced septic tank, new well pump, water softener, and water heater, plus new siding and paint on the garage and ADU exterior. You’re just 10 minutes from downtown Bastrop and about 30 minutes from Austin-Bergstrom International Airport, close to dining, shopping, and travel.

House + ADU

Property Type

367,646 sqft

Lot Size

2003

Year Built

Listing Date: 08/09/2026

Listed by: Tiffany Russell

Listing office: Tiffany Russell Group

Contact: (512) 554-2620

Source: Unlock MLS #ACT5318488

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%
$674,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$674,900
Your Down Payment$134,980
Financed$539,920
Estimated Monthly Payment$4,525

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 ($134,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$4,525/month
Principal + Interest
$3,237
Property Taxes
$896
Home Insurance
$392
Rental Income (1 Unit)
$807/month

From the listing description.

Rental Expenses
-$133
Cost to live here
$3,851/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# ACT5318488 · Listing office: Tiffany Russell Group

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.