Selected for the Terner Labs Housing Venture Lab

137 Wamel Way, Cedar Creek, TX 78612

Active
Listed 57 days ago
Owner-Occupant Eligible
$600,000

About $3,499 a month to live here, after the rent from the other home.

House + ADU3,174 sqft6 beds4 bathsListed Sep 16, 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

$3,499a month

The second home on the lot rents for $879. We hold back $145 of that for repairs and an empty month, and the rest goes toward a $4,233 monthly payment.

Income to qualify: about $110,000 a year

With how much down?

At 20% down ($120,000) 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 $78,000 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.

$18,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Possible ASSUMABLE LOAN AT 5.375% FIXED RATE! Seven miles from SpaceX, Starlink, and The Boring Company. Twenty-two from the Tesla Gigafactory. If you're moving to the Bastrop corridor and want real land instead of a tract-home lot, this is the one. Expansive 3.56 private acres at the end of a cul-de-sac, with a pond, mature oak trees, garden space, and trails to the back. The owner already ran underground electric and water to the rear of the property, so you can add a cabin, guest house, or shop without starting from zero. Rental income, room for in-laws, RV hookup, or a studio in the trees. Up to you! Inside, 3,174 square feet built around flexibility: two primary suites and a true in-law floor plan for multigenerational living or house-hacking. Open living, kitchen, and dining with granite, an island, and vaulted ceilings. A climate-controlled art studio with its own half bath. Upstairs adds a second living area, two more bedrooms, and a full bath. Masonry columns and a circular drive out front, ten parking spots for trucks and an RV, a two-car garage, above-ground pool, covered deck, dog run, and playground out back. Public water, septic replaced in 2024, and gigabit fiber for remote work. HOA is just $60 a year. This corridor isn't making any more land!

House + ADU

Property Type

155,074 sqft

Lot Size

2001

Year Built

Listing Date: 09/16/2026

Listed by: Sonya Mallett

Listing office: Mallett and Associates

Contact: (512) 581-7000

Source: Unlock MLS #ACT1536230

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%
$600,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$600,000
Your Down Payment$120,000
Financed$480,000
Estimated Monthly Payment$4,233

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 ($120,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$4,233/month
Principal + Interest
$2,878
Property Taxes
$873
Home Insurance
$477
HOA$5
Rental Income (1 Unit)
$879/month

From the listing description.

Rental Expenses
-$145
Cost to live here
$3,499/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# ACT1536230 · Listing office: Mallett and Associates

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.