Selected for the Terner Labs Housing Venture Lab

1425 Lone Star Road, Celina, TX 75009

Active
Listed 126 days ago
Owner-Occupant Eligible
$1,299,000

About $193 a month to live here, after the rent from the other homes.

Quadplex3,280 sqft5 beds4 bathsListed Jul 9, 2026

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

Live here for about

$193a month

The other homes rent for $10,575. We hold back $2,062 of that for repairs and an empty month, and the rest goes toward a $8,706 monthly payment.

Income to qualify: about $148,000 a year

With how much down?

At 20% down ($259,800) 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 $170,000 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.

$64,950 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Offering a blended price of approximately $231 per square foot across five separate residences, this distinctive 2.44-acre property combines Texas history, acreage and immediate rental income. The five residences provide approximately 5,834 total square feet of living space. MLS square footage and the calculated price per square foot reflect only the 2,554-square-foot main residence. The four tenant-occupied cottages provide 3,280 additional square feet and generate $5,200 per month in rental income. Ideal as a private estate, multigenerational compound or primary residence with substantial rental income, the property features the restored 1894 John Elias and Ida May Herrington House. The historic main residence was extensively rebuilt from the studs within the past 20 years, preserving its architectural character while updating major components for modern living. Designated as a Texas Historic Landmark, the Queen Anne Victorian showcases original hardwood floors, soaring ceilings, intricate millwork, stained glass, transom windows, pocket doors and multiple fireplaces. Updated kitchens and baths provide modern convenience. Additional spaces include a library, formal dining room, multiple living areas, wraparound porches and a shaded flagstone courtyard beneath majestic oak trees. The primary suite includes a cedar-lined walk-in closet. Cottages A and B are mirror-image one-bedroom homes, Cottage C is an efficiency, and Cottage D offers a spacious two-bedroom layout. Each has been updated and enjoys access to shared outdoor spaces. The grounds feature mature trees, manicured landscaping, a gazebo, windmill, shared fire pit, covered pavilion, pump house, storage building and chicken coop. A detached three-car garage and 20-by-30-foot workshop with electricity and a built-in woodworking bench provide space for vehicles, hobbies or storage. The corner lot is surrounded by upscale acreage properties.

Quadplex

Property Type

106,286 sqft

Lot Size

1900

Year Built

Listing Date: 07/09/2026

Listed by: Virginia Simms

Listing office: Tina Leigh Realty

Source: NTREIS #21326815

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%
$1,299,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$1,299,000
Your Down Payment$259,800
Financed$1,039,200
Estimated Monthly Payment$8,706

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 ($259,800) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$8,706/month
Principal + Interest
$6,231
Property Taxes
$1,766
Home Insurance
$709
Rental Income (3 Units)
$10,575/month

From the listing description.

Rental Expenses
-$2,062
Cost to live here
$193/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# 21326815 · Listing office: Tina Leigh 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.