Selected for the Terner Labs Housing Venture Lab

4940 Frontage Road, Winfield, TX 75493

Active
Listed 143 days ago
Owner-Occupant Eligible
$1,190,000

About $6,890 a month to live here, after the rent from the other home.

House + ADU3,201 sqft4 beds3 bathsListed Jun 22, 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

$6,890a month

The second home on the lot rents for $1,138. We hold back $171 of that for repairs and an empty month, and the rest goes toward a $7,857 monthly payment.

Income to qualify: about $209,000 a year

With how much down?

At 20% down ($238,000) 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 $155,000 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.

$35,700 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Rocking chairs & Fishing Rods Not Included, but everything else to enjoy East Texas living at its finest is right here. Towering oaks & pines create a stunning backdrop for winding walking paths across this private 55± acre haven. From the moment you arrive, the grounds unfold like your own personal park, offering natural beauty, privacy & peaceful country living. A spring fed stocked pond with fishing pier provides endless recreation. Positioned near the home, a serene upper second pond with fishing dock boasts a stunning fountain that creates a mesmerizing ambience with each sunset visible from the dining area, back porch & other outdoor spaces. A cozy cabin with a screened back porch overlooks the lower pond, creating a perfect spot for morning coffee & relaxing views. Custom-built for comfort & entertaining, the home features tile floors, quality built-ins, ceiling fans throughout & expansive bay windows showcasing the surrounding landscape. The family room with fireplace opens to the breakfast area overlooking the pool, fountain & waterscape. The spacious kitchen offers a breakfast bar, gas cooktop, double ovens, & an oversized walk-in pantry with a hidden safe room. The open-concept design connects the kitchen, family room, and living areas. The private primary suite includes dual vanities, a double walk-in shower, jetted garden tub, built-in dresser & dual walk-in closets with recessed skylights. A separate two-bedroom guest suite with full bath & living area provides ideal accommodations for family, visitors, or potential Airbnb guests. Bring your rocking chairs because both front & back porches were designed for tranquil R & R. Laundry room features, island & built-in ironing board. EZ access to I-30 is another worthy amenity. With three living areas, guest suite, two covered porches, two stocked ponds, swimming pool, private cabin, walking trails, & room for livestock or hay production, opportunities to own a property of this caliber are increasingly rare.

House + ADU

Property Type

2,439,360 sqft

Lot Size

2006

Year Built

Listing Date: 06/22/2026

Listed by: Joni Palmer

Listing office: Ready Real Estate, LLC

Source: NTREIS #21296787

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%
$1,190,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,190,000
Your Down Payment$238,000
Financed$952,000
Estimated Monthly Payment$7,857

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 ($238,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,857/month
Principal + Interest
$5,708
Property Taxes
$1,668
Home Insurance
$481
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$171
Cost to live here
$6,890/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# 21296787 · Listing office: Ready Real Estate, 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.