Active
2 units5 bd6 ba4,155 sqft
Cost to live here
$7,177/moafter $1,820/mo in rent
Income to qualify: about $227,000 a year, rent counted
At 20% down, 30-year fixed. From 3% down.
$1,350,000•House + ADU
141 County Road 2115, Gainesville, TX 76240
601 Line Drive, Gainesville, TX 76240
Active
Listed 57 days agoOwner-Occupant Eligible
About $864 a month to live here, after the rent from the other home.
House + ADU1,750 sqft3 beds3 bathsListed Sep 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
$864a month
The second home on the lot rents for $1,138. We hold back $222 of that for repairs and an empty month, and the rest goes toward a $1,780 monthly payment.
Income to qualify: about $39,000 a year
With how much down?
At 20% down ($48,800) 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 $32,000 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.
$7,320 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
Charming 1950s vintage home on a large corner lot in desirable Joy Acres, offering 3 bedrooms, 2.5 baths, a 2-car garage, and plenty of flexible living space. Amenities include Plantation Shutters and all hard surface flooring. The inviting eat-in kitchen features refaced cabinetry and a gas range and opens to a cozy family room with built-ins. A formal living room provides additional gathering space, while the spacious flex area currently serves as a game room and entertainment space with a kitchenette and small full bath. The versatile layout offers excellent potential for a mother-in-law suite, with space for a bed, living area, kitchen, and full bath—all in one convenient area. The flex space also opens to a large private deck, creating an ideal setting for entertaining or relaxing outdoors. A detached oversized garage and an outdoor storage shed provides additional valuable storage. Conveniently located just minutes from the historic downtown square, shopping, dining, and local attractions. No HOA!
House + ADU
Property Type
9,670 sqft
Lot Size
1950
Year Built
Listing Date: 09/16/2026
Listed by: Neil Bowie Jr.
Listing office: Coldwell Banker Realty Frisco
Source: NTREIS #21380312
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%
$244,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$244,000
Your Down Payment$48,800
Financed$195,200
Estimated Monthly Payment$1,780
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 ($48,800) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$1,780/month
Principal + Interest
$1,170Property Taxes
$249Home Insurance
$361Rental Income (1 Unit)
$1,138/month
From the listing description.
Rental Expenses
-$222Cost to live hereCost to live here, after rent
$864/month
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.
Free. No credit pull.
MLS# 21380312 · Listing office: Coldwell Banker Realty Frisco
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.
