Selected for the Terner Labs Housing Venture Lab

840 Lynn Ann Drive, Red Oak, TX 75154

Active
Listed 70 days ago
Owner-Occupant Eligible
$424,900

About $2,226 a month to live here, after the rent from the other home.

House + ADU2,156 sqft4 beds2 bathsListed Sep 3, 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

$2,226a month

The second home on the lot rents for $1,000. We hold back $165 of that for repairs and an empty month, and the rest goes toward a $3,061 monthly payment.

Income to qualify: about $76,000 a year

With how much down?

At 20% down ($84,980) 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 $55,000 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.

$12,747 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

SELLER IS OFFERING 5K INCENTIVES TOWARDS RATE BUYDOWN, CLOSING COSTS OR UPGRADES! Versatile Ranch Home with Private Guest House on 1 Acre! Looking for space, flexibility, and room to spread out? This unique 1-acre property offers a four-bedroom, two-bath ranch home plus a spacious 800-square-foot guest house, creating an exceptional setup for multigenerational living, extended family, guests, a home office, or additional living space. The guest house ADU, Additional Dwelling Unit, is a true highlight of the property, offering a private one-bedroom, one-bath layout with its own living room, kitchenette, and walk-in closet. Connected to the main home by a breezeway, it feels like a separate retreat while remaining conveniently close. Whether you need a comfortable space for family members, a private guest suite, or a flexible area for work and hobbies, this space offers possibilities that are hard to find. Inside the main residence, the open and comfortable layout provides four bedrooms and two full baths, including two primary bedrooms with en-suite baths. Multiple living spaces give everyone room to gather or relax, while the wood-burning fireplace brings a cozy touch to the heart of the home. Abundant natural light adds warmth throughout, complemented by durable laminate flooring. Outside, the one-acre setting provides plenty of room to enjoy the property. A rail-fenced yard, double gate access to the backyard, covered back porch, and storage shed add to its functionality and appeal. Horse enthusiasts will appreciate the space and existing fencing, while anyone looking for a little more elbow room will enjoy the freedom an acre provides. With a comfortable four-bedroom main home and a full-size private guest house, this property offers an uncommon combination of space and versatility—ready to accommodate the way you live today and whatever comes next.

House + ADU

Property Type

44,257 sqft

Lot Size

1986

Year Built

Listing Date: 09/03/2026

Listed by: Cyndi Reep

Listing office: BHHS Premier Properties

Source: NTREIS #21373032

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%
$424,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$424,900
Your Down Payment$84,980
Financed$339,920
Estimated Monthly Payment$3,061

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 ($84,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,061/month
Principal + Interest
$2,038
Property Taxes
$616
Home Insurance
$407
Rental Income (1 Unit)
$1,000/month

From the listing description.

Rental Expenses
-$165
Cost to live here
$2,226/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# 21373032 · Listing office: BHHS Premier Properties

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.