Selected for the Terner Labs Housing Venture Lab

704 E Main Street, Honey Grove, TX 75446

Active
Listed 157 days ago
Owner-Occupant Eligible
$355,000

About $1,666 a month to live here, after the rent from the other home.

House + ADU2,809 sqft4 beds4 bathsListed Jun 8, 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

$1,666a month

The second home on the lot rents for $1,271. We hold back $248 of that for repairs and an empty month, and the rest goes toward a $2,689 monthly payment.

Income to qualify: about $64,000 a year

With how much down?

At 20% down ($71,000) 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 $46,000 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.

$10,650 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

TWO HOMES. ONE HISTORIC PROPERTY. ENDLESS POSSIBILITIES. In the heart of Honey Grove, this one-of-a-kind property offers a rare combination of historic character, flexible living space, and modern updates, all on one property. The main home features TWO primary suites, multiple living areas, a dedicated laundry room, beautiful original woodwork, and a detached 2-car garage with workshop space. Even better, the property includes a separate 1-bedroom guest house with its own kitchen, full bath, and laundry area. Perfect for multi-generational living, extended-stay guests, a private home office, creative studio, or potential rental income. Owned by only the fourth family in more than 100 years, this home carries a sense of history you simply cannot recreate. An extensive restoration from 2006–2008 thoughtfully brought the home back to life while adding important modern conveniences, including updated plumbing and electrical, central heat and air, water heaters, additional bathrooms, updated windows, a sunroom, new appliances, a dishwasher, and ventless gas logs in select fireplaces. Foundation work was also completed in 2020. The home still offers room for the next owner to add their own finishing touches, making it a wonderful opportunity for someone who appreciates character and wants a property they can truly make their own. Whether you need space for family, guests, work-from-home flexibility, or an income-producing opportunity, 704 E Main offers options rarely found in a traditional single-family home. Historic charm, TWO separate residences, workshop space, boat parking, and small-town Honey Grove living and lake recreation in all directions all come together in one truly unique property. If you’ve been waiting for a home with personality, history, and possibilities beyond the ordinary, this one deserves a closer look.

House + ADU

Property Type

16,248 sqft

Lot Size

1905

Year Built

Listing Date: 06/08/2026

Listed by: Chrissy Earls

Listing office: Real Broker, LLC

Source: NTREIS #21295604

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%
$355,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$355,000
Your Down Payment$71,000
Financed$284,000
Estimated Monthly Payment$2,689

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 ($71,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,689/month
Principal + Interest
$1,703
Property Taxes
$407
Home Insurance
$579
Rental Income (1 Unit)
$1,271/month

From the listing description.

Rental Expenses
-$248
Cost to live here
$1,666/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# 21295604 · Listing office: Real Broker, LLC

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.