Selected for the Terner Labs Housing Venture Lab

203 E Umphress Street, Van Alstyne, TX 75495

Active
Listed 169 days ago
Owner-Occupant Eligible
$599,900

About $3,595 a month to live here, after the rent from the other home.

House + ADU3,043 sqft5 beds3 bathsListed May 27, 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

$3,595a month

The second home on the lot rents for $1,102. We hold back $215 of that for repairs and an empty month, and the rest goes toward a $4,482 monthly payment.

Income to qualify: about $115,000 a year

With how much down?

At 20% down ($119,980) 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.

$17,997 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

***Price Improvement! ***Assumable loan available*** Don't miss this opportunity—now offered at a newly reduced price. Nestled in Van Alstyne’s coveted Historical District and rich with character, this one-of-a-kind home offers the perfect blend of timeless charm and modern versatility. Just steps from historic downtown, boutique shopping, local dining, and the beloved Railcar Farmers Market, the location is truly unmatched. Situated on a beautifully landscaped oversized lot with mature trees, this property invites you to enjoy outdoor living with a welcoming covered back porch, expansive backyard, and a wood deck that wraps around the rear of the home—perfect for entertaining or relaxing evenings at home. Inside, you’ll find vaulted ceilings, warm wood flooring, stainless steel appliances, and spacious living areas designed for both everyday comfort and gathering with guests. A rare and valuable bonus, the detached two-car garage offers incredible flexibility with a private office on the ground level, while the upstairs features a charming one-bedroom apartment complete with a full bath and kitchenette—ideal for guests, multigenerational living, a private workspace, or potential income-producing opportunities. An attached two-car carport adds even more convenience. This historic Van Alstyne treasure is full of character, possibilities, and an unbeatable location.

House + ADU

Property Type

28,750 sqft

Lot Size

1900

Year Built

Listing Date: 05/27/2026

Listed by: James Benton

Listing office: Benton-Luttrell Real Estate Co

Source: NTREIS #21279271

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%
$599,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$599,900
Your Down Payment$119,980
Financed$479,920
Estimated Monthly Payment$4,482

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 ($119,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$4,482/month
Principal + Interest
$2,877
Property Taxes
$978
Home Insurance
$627
Rental Income (1 Unit)
$1,102/month

From the listing description.

Rental Expenses
-$215
Cost to live here
$3,595/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.

NTREIS logo

MLS# 21279271 · Listing office: Benton-Luttrell Real Estate Co

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.