1516 N Lakeview Drive, Palo Pinto, TX 76484
About $4,959 a month to live here, after the rent from the other home.
A house with a second home on the lot. Live in one and rent out the other. How it works
Live here for about
The second home on the lot rents for $2,000. We hold back $330 of that for repairs and an empty month, and the rest goes toward a $6,629 monthly payment.
Income to qualify: about $167,000 a year
With how much down?
At 20% down ($200,000) 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 $131,000 of it. See the ten-year math
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.
$30,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
Palo Pinto Lake Retreat - waterfront living, reimagined! This one-of-a-kind property offers TWO homes on Lake Palo Pinto, giving you flexibility for guest quarters or serious income potential. The centerpiece of the waterfront is a custom-built, two-story dock with two boat lifts and jet ski platforms, built to handle everything from fishing trips to a full day of tubing and skiing on the lake. The main home is a beautifully updated 3-bedroom, 2-bath residence with granite counters, a kitchen island, an open floorplan, and its own covered dock with boat lift. The guest cabin has been completely remodeled, featuring a brand new mini-split HVAC system, a new stone back porch overlooking the water, a new propane line, and updated electrical. Additional upgrades include a fully fenced perimeter with two new gated entrances, adding both privacy and peace of mind. A 45x50 insulated workshop with two 12x12 overhead doors and a walk-through door offers abundant storage for boats, ATVs, and all your lake toys. Whether you're chasing full-time lake life, a weekend escape, or a turnkey rental setup, this property delivers. And with swim season still going strong, summer isn't over yet! There's still time to close and get some lake days in before fall.
House + ADU
Property Type
49,963 sqft
Lot Size
Listing Date: 08/25/2026
Listed by: Lani Rust
Listing office: Keller Williams Brazos West
Source: NTREIS #21368920
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
List Price
FINANCIALS
How much do you want to put down?
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 ($200,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
From the listing description.
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
LOCATION
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.
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MLS# 21368920 · Listing office: Keller Williams Brazos West
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.