Selected for the Terner Labs Housing Venture Lab

5601 FM 3021, Brownwood, TX 76801

Active
Listed 104 days ago
Owner-Occupant Eligible
$389,000

About $1,487 a month to live here, after the rent from the other home.

Duplex616 sqft2 beds2 bathsListed Jul 31, 2026

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

Live here for about

$1,487a month

The other home rents for $1,000. We hold back $150 of that for repairs and an empty month, and the rest goes toward a $2,337 monthly payment.

Income to qualify: about $56,000 a year

With how much down?

At 20% down ($77,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $54,000 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.

$13,615 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Turnkey, income-producing investment opportunity on 6.4 scenic acres at Lake Brownwood! Already generating steady cash flow, this unique property offers incredible potential for investors looking to expand their short-term rental portfolio. With plenty of room for future development, the possibilities are endless. Add more tiny homes, glamping accommodations, RV sites, event space, or create your own destination retreat—the sky is the limit. Two recently built, fully furnished tiny homes are already in place and producing consistent income through monthly short-term rentals. Each professionally designed cabin features a unique theme—Octopunk and Galatikitty—that creates a memorable guest experience. Both one-bedroom, one-bath cabins sleep four and include a kitchenette, loft, washer and dryer, mini-split HVAC, and access to a shared outdoor courtyard with two grills and a picnic area. Surrounded by mature oak trees, abundant wildlife, and rolling terrain, guests enjoy the peace and beauty of nature while remaining close to the area's top attractions. Conveniently located directly across from the Texas A&M AgriLife 4-H Conference Center, just 5 minutes from The Hideout Golf Club & Resort, 10 minutes from Lake Brownwood State Park, and 12 minutes from Brownwood. The tiny homes are currently booked through the end of September on monthly short-term leases, generating $2,750 per month in gross rental income. The current owner has never increased the monthly rental rate, providing an excellent opportunity for a new owner to boost income while maintaining strong occupancy. With proven rental history, immediate cash flow, expansion potential, and an unbeatable location, this is a rare opportunity to own an investment property that's ready to produce income from day one while offering tremendous upside for future growth.

Duplex

Property Type

277,913 sqft

Lot Size

2023

Year Built

Listing Date: 07/31/2026

Listed by: Justin Riggan

Listing office: Faith & Legacy Realty

Source: NTREIS #21346113

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%
$389,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$389,000
Your Down Payment$77,800
Financed$311,200
Estimated Monthly Payment$2,337

Before rent: principal and interest at 5.6% 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 ($77,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$2,337/month
Principal + Interest
$1,787
Property Taxes
$467
Home Insurance
$83
Rental Income (1 Unit)
$1,000/month

From the listing description.

Rental Expenses
-$150
Cost to live here
$1,487/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# 21346113 · Listing office: Faith & Legacy 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.