Selected for the Terner Labs Housing Venture Lab

138 Forest Ln, Bastrop, TX 78602

Active
Listed 76 days ago
Owner-Occupant Eligible
$349,000

About $828 a month to live here, after the rent from the other home.

House + ADU2,435 sqft4 beds4 bathsListed Aug 28, 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

$828a month

The second home on the lot rents for $2,000. We hold back $330 of that for repairs and an empty month, and the rest goes toward a $2,498 monthly payment.

Income to qualify: about $52,000 a year

With how much down?

At 20% down ($69,800) 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 $46,000 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.

$10,470 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

138 Forest Ln offers a rare combination of acreage, privacy, flexibility and convenience just minutes from the heart of Bastrop. Situated on approximately 2.07 fully fenced acres beneath towering pine and oak trees, the property includes main home plus a separate two-bedroom guest house, detached living quarters creating options for multigenerational living, guests, a home office or additional private space. The main home has a warm, one-of-a-kind character with an open living area, granite countertops, natural wood accents, a wood-burning stove and covered outdoor space. Outside is where this property really separates itself. Multiple small barns and secure fenced enclosures are already in place for poultry, dogs or small livestock, with additional storage throughout the property. A large two-car garage, additional covered parking, RV accommodations and a circular driveway provide plenty of room for vehicles, equipment and recreational toys. The property is fully fenced with an additional large fenced yard directly off the main house, while mature trees provide shade and a sense of privacy throughout. A large seasonal pond adds to the setting and a high-producing water well has been tested and is ready for a pump to be installed. All of this comes with a location that feels tucked away without being remote. H-E-B, Walmart, Buc-ee’s, restaurants, shopping and Highway 71 are only minutes away, giving you the space and versatility of a small acreage property without giving up everyday convenience. Whether you are looking for room for extended family, animals, hobbies, equipment or simply more breathing room, 138 Forest Ln is a property with possibilities that are increasingly difficult to find this close to Bastrop.

House + ADU

Property Type

90,300 sqft

Lot Size

1996

Year Built

Listing Date: 08/28/2026

Listed by: Kreshnik Shehu

Listing office: All City Real Estate Ltd. Co

Contact: (512) 412-2331

Source: Unlock MLS #ACT4491521

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%
$349,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$349,000
Your Down Payment$69,800
Financed$279,200
Estimated Monthly Payment$2,498

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 ($69,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,498/month
Principal + Interest
$1,674
Property Taxes
$458
Home Insurance
$366
Rental Income (1 Unit)
$2,000/month

From the listing description.

Rental Expenses
-$330
Cost to live here
$828/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# ACT4491521 · Listing office: All City Real Estate Ltd. Co

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.