Selected for the Terner Labs Housing Venture Lab

307 Depot Street, Whitesboro, TX 76273

Active
Listed 153 days ago
Owner-Occupant Eligible
$288,000

About $873 a month to live here, after the rent from the other home.

Duplex1,986 sqft5 beds2 bathsListed Jun 12, 2026

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

Live here for about

$873a month

The other home rents for $1,437. We hold back $237 of that for repairs and an empty month, and the rest goes toward a $2,073 monthly payment.

Income to qualify: about $45,000 a year

With how much down?

At 20% down ($57,600) 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 $40,000 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.

$10,080 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

A rare chance to own a move-in-ready duplex in the heart of Whitesboro, with creative terms available and both sides delivered vacant so you can step right in. 305 and 307 Depot Street share one roof, and each side lives like its own home with a private entrance, full kitchen, and comfortable living space. The 307 side offers 3 bedrooms and 1 bath, and the 305 side offers 2 bedrooms and 1 bath. Together that is 5 bedrooms and 2 full baths across roughly 1,986 square feet, built in 2000 on a 0.29-acre lot just one block off Main Street downtown. No HOA, and an easy walk to local shops and cafes. There is real flexibility here for the right buyer. The owner holds the property free and clear, so creative financing is on the table and worth a conversation. Priced at $298,000, comfortably below the roughly $320,000 appraised value, it leaves room to add your own touches with some fresh paint and flooring. It is a wonderful fit for house-hacking. Settle into one side, rent the other, and let your tenant help cover the payment while you build equity faster. Prefer pure investment? Hold both sides for steady cash flow. Local rents in 76273 generally support around $2,600 to $3,000 a month combined once both units are refreshed, and this property has a long history of staying full and re-leasing quickly. With two addresses already in place, there is also nice upside to separate the sides later and sell a unit on its own, somewhere near $175,000, or close to $350,000 for the pair. The setting is the kind of friendly, small-town Grayson County life people move here for, just minutes from the US-82 and US-377 interchange and about an hour north of the DFW Metroplex. Sherman, Denison, and the shores of Lake Texoma are all a short drive away. Come take a look and picture the possibilities. We would love to show it to you.

Duplex

Property Type

12,632 sqft

Lot Size

2000

Year Built

Listing Date: 06/12/2026

Listed by: Derek Smith

Listing office: Deal Smith Realty LLC

Source: NTREIS #21300313

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%
$288,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$288,000
Your Down Payment$57,600
Financed$230,400
Estimated Monthly Payment$2,073

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 ($57,600) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,073/month
Principal + Interest
$1,323
Property Taxes
$409
Home Insurance
$341
Rental Income (1 Unit)
$1,437/month

From the listing description.

Rental Expenses
-$237
Cost to live here
$873/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# 21300313 · Listing office: Deal Smith Realty 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.