Selected for the Terner Labs Housing Venture Lab

309-311 Lilac Drive, Granbury, TX 76049

Active
Listed 161 days ago
Owner-Occupant Eligible
$239,999

About $297 a month to live here, after the rent from the other home.

Duplex1,764 sqft4 beds2 bathsListed Jun 4, 2026

A duplex. Live in one home and rent out the other. How it works

Live here for about

$297a month

The other home rents for $1,605. We hold back $265 of that for repairs and an empty month, and the rest goes toward a $1,637 monthly payment.

Income to qualify: about $31,000 a year

With how much down?

At 20% down ($48,000) 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 $33,000 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.

$8,400 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Calling all investors! **BRAND NEW ROOF INSTALLED, ALL 8 WINDOWS IN THE FRONT REPLACED, NEW FLOORING INSTALLED IN THE LIVING AREAS** This income-producing duplex is ready to generate returns from day one. Each unit offers 2 bedrooms and 1 bathroom, featuring an open floor plan that maximizes space and comfort. You can enjoy a fenced backyard, perfect for outdoor activities. Conveniently located close to shopping, dining, and entertainment, this property sits on the desirable Fort Worth side of town—ideal for commuters with easy access to the metroplex. Since a new roof was installed, it will provide added peace of mind and value for years to come. Don’t miss this opportunity to add a low-maintenance, fully leased property to your portfolio! **309 LILAC: NEW HVAC INSTALLED IN JUNE 2023. 311 LILAC: WATER HEATER REPLACED JUNE 2025. NEW DISHWASHER INSTALLED JAN 2023.

Duplex

Property Type

10,019 sqft

Lot Size

1986

Year Built

Listing Date: 06/04/2026

Listed by: Natalie Self

Listing office: Elevate Realty Group

Source: NTREIS #21289226

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%
$239,999

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$239,999
Your Down Payment$48,000
Financed$191,999
Estimated Monthly Payment$1,637

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.

MONTHLY BREAKDOWN

Estimate at 20% down ($48,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$1,637/month
Principal + Interest
$1,102
Property Taxes
$243
Home Insurance
$292
Rental Income (1 Unit)
$1,605/month

From the listing description.

Rental Expenses
-$265
Cost to live here
$297/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# 21289226 · Listing office: Elevate Realty Group

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.