Selected for the Terner Labs Housing Venture Lab

3050 & 3102 FM 1386, Luling, TX 78648

Active
Listed 39 days ago
Owner-Occupant Eligible
$1,360,000

About $8,176 a month to live here, after the rent from the other home.

House + ADU2,789 sqft4 beds2 bathsListed Oct 7, 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

$8,176a month

The second home on the lot rents for $825. We hold back $136 of that for repairs and an empty month, and the rest goes toward a $8,865 monthly payment.

Income to qualify: about $240,000 a year

With how much down?

At 20% down ($272,000) 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 $177,000 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.

$40,800 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

This is a rare opportunity to own 60 fenced acres featuring two distinct houses, offering unmatched privacy, panoramic miles-long views, and exceptional versatility. Perfectly set up for a multi-generational family, rental income, or a lucrative Airbnb investment, this unique property includes one fully completed home and a second residence that needs some finishing touches, giving you the chance to customize it to your vision. Adding even more living space, a separate bedroom apartment is situated above the garage—ideal for extended family, guests, or additional rental cash flow. Designed for refined country living, the main home boasts soaring extended ceilings, low-maintenance flooring with absolutely no carpet, and a cozy fireplace that anchors the main living area. The heart of the home centers on a chef's kitchen featuring a newly installed cooktop, a refrigerator added last year, and an oversized island perfect for gathering. The spacious primary suite features a generous walk-in closet and a private patio for enjoying pristine morning views. Built to last with a durable metal roof, the acreage is fully fenced and cross-fenced, complemented by a functional barn and a massive 25,000-gallon tank. A mature orchard of plum and peach trees completes this peaceful sanctuary. Experience the perfect blend of country freedom, flexible living arrangements, and unlimited income potential on this rare piece of land.

House + ADU

Property Type

2,613,600 sqft

Lot Size

2002

Year Built

Listing Date: 10/07/2026

Listed by: Chris Watters

Listing office: Watters International Realty

Contact: (737) 313-5275

Source: Unlock MLS #ACT3895901

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%
$1,360,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,360,000
Your Down Payment$272,000
Financed$1,088,000
Estimated Monthly Payment$8,865

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 ($272,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$8,865/month
Principal + Interest
$6,523
Property Taxes
$1,923
Home Insurance
$419
Rental Income (1 Unit)
$825/month

From the listing description.

Rental Expenses
-$136
Cost to live here
$8,176/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# ACT3895901 · 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.