Selected for the Terner Labs Housing Venture Lab

920 Meadowdale Drive, Royse City, TX 75189

Active
Listed 148 days ago
Owner-Occupant Eligible
$394,900

About $1,770 a month to live here, after the rent from the other home.

House + ADU1,565 sqft5 beds3 bathsListed Jun 17, 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

$1,770a month

The second home on the lot rents for $1,000. We hold back $180 of that for repairs and an empty month, and the rest goes toward a $2,590 monthly payment.

Income to qualify: about $63,000 a year

With how much down?

At 20% down ($78,980) 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 $52,000 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.

$11,847 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

House is also available for rent. Welcome to this beautifully transformed property located just minutes from I30, where extensive renovations & thoughtful design create a one of a kind opportunity. The current owner spent nearly four years bringing this home back to life. When purchased, the property was studs and he rebuilt it with quality finishes & attention to detail throughout. The main home features 4 bedrooms & 2 fully remodeled bathrooms, showcasing warm wood flooring, granite countertops, updated windows, & custom wood accent wall that add character & charm. Major improvements include a new roof & a new fence installed in 2021, offering peace of mind for years to come. The true standout feature of this property is the converted garage apartment or mother in law suite; a rare opportunity with incredible flexibility and income potential. Complete with its own kitchen, bedroom & full bathroom upstairs & separate utilities, this space can function as a private guest suite, multigenerational living quarters, home office, or an income-producing rental opportunity. Adding even more value, there is an additional brick structure approximately 12x12 that can be used as storage or as a garage. Step outside and enjoy the oversized covered patio featuring soaring ceilings and lighting, creating the perfect space for entertaining, family gatherings, or relaxing evenings outdoors. The owner also invested significantly in an extended concrete parking area large enough to accommodate more than 5 vehicles. Situated on a spacious corner lot and fully enclosed by fencing, this property offers both privacy and functionality with room to spread out.

House + ADU

Property Type

14,767 sqft

Lot Size

1984

Year Built

Listing Date: 06/17/2026

Listed by: Teresa Barrera

Listing office: Central Metro Realty

Source: NTREIS #21305352

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%
$394,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$394,900
Your Down Payment$78,980
Financed$315,920
Estimated Monthly Payment$2,590

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 ($78,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,590/month
Principal + Interest
$1,894
Property Taxes
$400
Home Insurance
$296
Rental Income (1 Unit)
$1,000/month

From the listing description.

Rental Expenses
-$180
Cost to live here
$1,770/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# 21305352 · Listing office: Central Metro Realty

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.