About $3,530 a month to live here, after the rent from the other home.
A duplex. Live in one home and rent out the other. How it works
Live here for about
The other home rents for $2,125. We hold back $414 of that for repairs and an empty month, and the rest goes toward a $5,241 monthly payment.
Income to qualify: about $127,000 a year
With how much down?
At 20% down ($159,980) and 5.6%, 30-year fixed. Your rate and down payment change this.
Get rich slow: keep this loan ten years and the payments pay off about $110,000 of it. See the ten-year math
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.
$27,997 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
Historic charm, immediate rental income, and expansion potential in Austin’s North University neighborhood! Built in 1920, 3408 Cedar St offers an opportunity to own an income-producing duplex near the University of Texas. The main home features a 2-bedroom, 2-bath unit and a 3-bedroom, 2-bath unit, both currently leased, generating a combined $4,250 in monthly rent. Approximately 2,040 square feet of existing living space, separately metered utilities, and alley access add to the property’s appeal. Per information provided by an architect, the 7,440-square-foot lot allows for up to three residential units and one accessory building, with up to 4,836 square feet of total living space across three structures. Collect income from the existing units while exploring opportunities to expand and maximize the property’s use. Historic character, proximity to UT, and development potential make this a compelling opportunity in Central Austin. Buyer to perform their own due diligence. Development information is based on an architect’s assessment and is not a guarantee of city approval.
Duplex
Property Type
7,680 sqft
Lot Size
1920
Year Built
Listing Date: 11/10/2026
Listed by: Greg Gibson
Listing office: Direct Effect Real Estate
Contact: (512) 423-8264
Source: Unlock MLS #ACT2501774
Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.
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.
Change your offer and watch the monthly cost move.
Purchase Price
List Price
How much do you want to put down?
Before rent: principal and interest at 5.6% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.
Estimate at 20% down ($159,980) and 5.6%, 30-year fixed. Your rate and down payment change this.
From leases in place.
From leases in place.
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
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.
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MLS# ACT2501774 · Listing office: Direct Effect Real Estate
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.
At 20% down, 30-year fixed. From 3.5% down.
At 20% down, 30-year fixed. From 3.5% down.
At 20% down, 30-year fixed. From 3.5% down.
At 20% down, 30-year fixed. From 3.5% down.