Selected for the Terner Labs Housing Venture Lab

1205 Kitchens Drive, Lucas, TX 75002

Active
Listed 119 days ago
Owner-Occupant Eligible
$1,049,000

About $6,368 a month to live here, after the rent from the other home.

House + ADU4,600 sqft5 beds3 bathsListed Jul 16, 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

$6,368a month

The second home on the lot rents for $1,000. We hold back $150 of that for repairs and an empty month, and the rest goes toward a $7,218 monthly payment.

Income to qualify: about $190,000 a year

With how much down?

At 20% down ($209,800) 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 $137,000 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.

$31,470 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

SELLER OPEN TO MORTGAGE RATE BUYDOWN OPTIONS! This incredible, gated property offers a 4,049 sf main residence, a fully equipped 551sf private guest apartment, six garage spaces, and exceptional versatility for entertaining, multigenerational living, or hobbyists seeking unmatched space. Soaring ceilings, hardwood floors, quartz counters, plantation shutters, and solid-core doors throughout. A two-story foyer welcomes you to this thoughtfully designed custom home with a private office, formal dining, wet bar, first-floor guest bedroom and full bath, and a grand living room with vaulted ceilings, floor-to-ceiling corner fireplace, and a wall of windows overlooking the beautifully landscaped backyard. The gourmet kitchen features a large center island with seating, KitchenAid six-burner range, soft-close cabinetry, built-in oven, walk-in pantry, and spacious breakfast room with sliding doors to the covered patio with sun-blocking electric shades. Tucked away for privacy, the primary suite offers a sitting area and spa bath with soaking tub, extended vanity with double sinks, oversized walk-in shower with rain head and dual benches, and direct access to the laundry room through the custom walk-in closet. Upstairs includes a large game room, media room, three bedrooms, and full bath. The oversized detached three-car garage with insulated doors sits behind a new solar-powered electric gate and is ideal for a workshop, recreational equipment, or the car enthusiast. Above, the beautifully finished apartment offers the comfort and privacy of a second residence with a full kitchen, dining area, living room, bedroom, full bath, separate HVAC system, and endless flexibility for guests, live-in caregivers, or private office. Ultraviolet HVAC air purification, heat-reducing window film, automatic sprinkler system, and floored attic storage. Situated on a premium one-acre corner lot adjacent to a protected multi-acre reserve, fully fenced, and just minutes to Lake Lavon.

House + ADU

Property Type

45,782 sqft

Lot Size

2022

Year Built

Listing Date: 07/16/2026

Listed by: Tom Grisak

Listing office: Keller Williams Realty Allen

Source: NTREIS #21303245

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%
$1,049,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,049,000
Your Down Payment$209,800
Financed$839,200
Estimated Monthly Payment$7,218

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 ($209,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$7,218/month
Principal + Interest
$5,031
Property Taxes
$1,401
Home Insurance
$711
HOA$75
Rental Income (1 Unit)
$1,000/month

From the listing description.

Rental Expenses
-$150
Cost to live here
$6,368/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# 21303245 · Listing office: Keller Williams Realty Allen

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.