Selected for the Terner Labs Housing Venture Lab

1301 County Road 228, Florence, TX 76527

Active
Listed 92 days ago
Owner-Occupant Eligible
$1,379,900

About $7,373 a month to live here, after the rent from the other home.

House + ADU4,629 sqft7 beds6 bathsListed Aug 12, 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

$7,373a month

The second home on the lot rents for $2,000. We hold back $300 of that for repairs and an empty month, and the rest goes toward a $9,073 monthly payment.

Income to qualify: about $235,000 a year

With how much down?

At 20% down ($275,980) 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 $180,000 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.

$41,397 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Unrestricted and AG-exempt 45-acre ranch offering multi-generational living, income potential, and top-tier equestrian and agricultural amenities. The property features a beautiful spring-fed pond and an exceptional outdoor entertainment zone with an in-ground swimming pool, a full pool bathroom, and an expansive surrounding deck. The main residence is an impressive, spacious two-story barndominium showcasing four bedrooms, three-and-a-half bathrooms, and an oversized drive-through workshop. A separate, private 1,500-square-foot second barndominium includes three bedrooms and two full bathrooms, providing an ideal setup for a guest house, multi-generational family living, or an active rental stream. Fully equipped for farm, ranch, or business operations, the land boasts a 6,000- square-foot barn complete with working cattle pens, stables, and lush cross-fenced pastures. Additional infrastructure includes covered RV parking with full hookups. Rare turnkey versatility with complete freedom from property restrictions.

House + ADU

Property Type

1,954,929 sqft

Lot Size

2021

Year Built

Listing Date: 08/12/2026

Listed by: Chris Watters

Listing office: Watters International Realty

Contact: (737) 313-5275

Source: Unlock MLS #ACT3595326

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%
$1,379,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,379,900
Your Down Payment$275,980
Financed$1,103,920
Estimated Monthly Payment$9,073

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 ($275,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$9,073/month
Principal + Interest
$6,619
Property Taxes
$1,828
Home Insurance
$626
Rental Income (1 Unit)
$2,000/month

From the listing description.

Rental Expenses
-$300
Cost to live here
$7,373/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# ACT3595326 · Listing office: Watters International 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.