Selected for the Terner Labs Housing Venture Lab

105 Faye Street A & B, Lacy Lakeview, TX 76705

Active
Listed 63 days ago
Owner-Occupant Eligible
$259,900

About $780 a month to live here, after the rent from the other home.

Duplex1,800 sqft4 beds2 bathsListed Sep 10, 2026

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

Live here for about

$780a month

The other home rents for $1,200. We hold back $216 of that for repairs and an empty month, and the rest goes toward a $1,764 monthly payment.

Income to qualify: about $38,000 a year

With how much down?

At 20% down ($51,980) 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 $36,000 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.

$9,097 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Fully Occupied, Remodeled Duplex Across from TSTC - Here’s the kind of investment property that makes sense on paper and in person. This single-story Waco duplex is 100% occupied, with residential leases in place on both sides, offering an established income-producing opportunity from day one. Built in 1968, the property offers 1,800 total square feet on approximately 0.2328 acres, with two well-proportioned units of approximately 900 square feet each. Each side features 2 bedrooms and 1 full bath, giving the property a practical, straightforward layout that has stood the test of time. Both units have been remodeled, including new windows and flooring along with renovated kitchen and bathroom. The duplex features functional living spaces with luxury vinyl plank flooring, neutral finishes, kitchens with ample cabinetry and counter space, and comfortable room sizes. Seller-owned appliances, including refrigerators, washers and dryers, convey with the property. Central heat and air, along with city water and sewer, round out the everyday essentials. Outside, mature trees bring shade and character to the lot, while open parking keeps things uncomplicated. The location is hard to overlook, sitting just across the street from Texas State Technical College and convenient to I-35 for access throughout Waco and beyond. Whether adding to an existing portfolio or making a first move into multifamily ownership, this fully occupied duplex offers something investors appreciate: two doors, established tenancy, thoughtful improvements, and a location with practical staying power.

Duplex

Property Type

10,141 sqft

Lot Size

1968

Year Built

Listing Date: 09/10/2026

Listed by: Jeffery Bird

Listing office: Keller Williams Realty, Waco

Source: NTREIS #21372582

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%
$259,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$259,900
Your Down Payment$51,980
Financed$207,920
Estimated Monthly Payment$1,764

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 ($51,980) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$1,764/month
Principal + Interest
$1,194
Property Taxes
$273
Home Insurance
$297
Rental Income (1 Unit)
$1,200/month

From market rates for this unit's size.

Rental Expenses
-$216
Cost to live here
$780/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# 21372582 · Listing office: Keller Williams Realty, Waco

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.