Selected for the Terner Labs Housing Venture Lab

103 Deer Island Road, Mabank, TX 75156

Active
Listed 134 days ago
Owner-Occupant Eligible
$929,000

About $5,191 a month to live here, after the rent from the other home.

House + ADU3,166 sqft4 beds2 bathsListed Jul 1, 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

$5,191a month

The second home on the lot rents for $1,138. We hold back $205 of that for repairs and an empty month, and the rest goes toward a $6,124 monthly payment.

Income to qualify: about $160,000 a year

With how much down?

At 20% down ($185,800) 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 $121,000 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.

$27,870 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Stunning remodeled 4 bedroom, 2 bath lakefront home tucked away on a private corner lot with a converted 2 bedroom, 1 bath guest cottage. Features a spacious open floorplan with two large living rooms divided by a grand 10 ft stone fireplace. Tons of recent updates including luxury vinyl plank wood flooring, fresh paint with a warm modern color palette, designer lighting & chandeliers, and solid core doors. A well appointed kitchen that opens to both living rooms with abundant breakfast bar seating and large dining area, perfect for entertaining. It has been tastefully redone with stainless steel appliances, granite counters, marble backsplash, and gold hardware. The main floor features a wall of windows with picturesque views, a versatile front bedroom off the entrance with barn doors ideal for an optional formal dining room or office, plus one additional bedroom & fully remodeled bathroom. The upstairs boasts two large bedrooms with walk-in closets and a gorgeous bathroom with Carrara marble, shower system, decorative vanity, & chrome fixtures. Attached is an oversized 4 car garage with sink, epoxy floors, front & rear access doors, and mini-split HVAC unit. This property offers an additional newly converted guest cottage with 2 bedrooms, full bathroom with dual sinks, walk-in shower, living room, and kitchenette with quartz counters, sink, stainless steel microwave & dishwasher. Step outside to an outdoor paradise with extensive open decking, three covered sitting and dining areas, & a covered hot tub. A beautifully landscaped sprawling yard awaits with mature trees, vast grassy area, lower deck near the water, & detached storage building. An amazing setup to store all your watercrafts including a rare 2-story boat dock with two boat slips, one with a dual jet ski cradle, & power lifts. Enjoy a HUGE party deck and breathtaking views of the lake from the upper boat dock. Home is currently set up as a STR. Furniture & decor, appliances, and pontoon boat negotiable.

House + ADU

Property Type

14,505 sqft

Lot Size

1975

Year Built

Listing Date: 07/01/2026

Listed by: Kate Greer

Listing office: Kate Kruger Realty

Source: NTREIS #21318792

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%
$929,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$929,000
Your Down Payment$185,800
Financed$743,200
Estimated Monthly Payment$6,124

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 ($185,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$6,124/month
Principal + Interest
$4,456
Property Taxes
$1,135
Home Insurance
$523
HOA$10
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$205
Cost to live here
$5,191/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# 21318792 · Listing office: Kate Kruger 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.