Active
2 units3 bd2 ba2,460 sqft
Cost to live here
$2,239/moafter $956/mo in rent
Income to qualify: about $76,000 a year, rent counted
At 20% down, 30-year fixed. From 3% down.
$449,900•House + ADU
773 Lookout Dr, Canyon Lake, TX 78133
157 Lorne Rd, Canyon Lake, TX 78133
Active
Listed 43 days agoOwner-Occupant Eligible
About $3,494 a month to live here, after the rent from the other home.
House + ADU2,184 sqft4 beds3 bathsListed Sep 30, 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
$3,494a month
The second home on the lot rents for $1,028. We hold back $185 of that for repairs and an empty month, and the rest goes toward a $4,337 monthly payment.
Income to qualify: about $112,000 a year
With how much down?
At 20% down ($130,000) 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 $85,000 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.
$19,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
CANYON LAKE VIEWS, STR POTENTIAL & A DETACHED 450± SQ FT APARTMENT! Perched on a hill overlooking Canyon Lake, this unique property offers beautiful lake views, incredible sunrises and the flexibility to serve as a primary residence, vacation retreat or investment property. Currently utilized as a short-term rental, the property offers multiple living and entertaining spaces designed to take full advantage of the Hill Country setting. The one-story main residence features an open-concept layout, spacious kitchen with large center island, a beautiful stone fireplace, exposed wood beams and expansive windows and glass doors bringing the outdoors in. A large balcony extends across the back of the home, providing the perfect setting to enjoy sunrise views over Canyon Lake. Downstairs, enjoy a second outdoor entertaining area complete with a hot tub, oversized gas fire pit and lower deck, plus a private fenced dog area. A detached 450± sq ft apartment with private entrance, kitchen and full bath provides additional space for guests, extended family or rental use. Additional features include a separate shop, private RV pad with hookups, generous parking and a private driveway. Whether you’re looking for a full-time lake-area home, weekend getaway or property with investment possibilities, this one brings together lake views, multiple living spaces and exceptional outdoor amenities in one distinctive Canyon Lake property.
House + ADU
Property Type
26,005 sqft
Lot Size
1985
Year Built
Listing Date: 09/30/2026
Listed by: Mercy Boatright-Wood
Listing office: House Hunters NB
Contact: (830) 312-9289
Source: Unlock MLS #ACT2488211
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%
$650,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$650,000
Your Down Payment$130,000
Financed$520,000
Estimated Monthly Payment$4,337
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 ($130,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$4,337/month
Principal + Interest
$3,118Property Taxes
$858Home Insurance
$361Rental Income (1 Unit)
$1,028/month
From the listing description.
Rental Expenses
-$185Cost to live hereCost to live here, after rent
$3,494/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# ACT2488211 · Listing office: House Hunters NB
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.
