Selected for the Terner Labs Housing Venture Lab

409 E College Street, Terrell, TX 75160

Active
Listed 63 days ago
Owner-Occupant Eligible
$299,900

About $1,077 a month to live here, after the rent from the other home.

Duplex2,040 sqft4 beds4 bathsListed Sep 10, 2026

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

Live here for about

$1,077a month

The other home rents for $1,300. We hold back $234 of that for repairs and an empty month, and the rest goes toward a $2,143 monthly payment.

Income to qualify: about $48,000 a year

With how much down?

At 20% down ($59,980) 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 $41,000 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.

$10,497 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

OWNER FINANCING AVAILABLE! Offered at $299,900 with 10-25% down, an interest rate ranging from 6.5% to 8.5%, and 15- to 25-year term options, subject to seller approval and final negotiated terms. This two-story duplex offers a straightforward opportunity to own a two-unit residential income property in Terrell.Currently both sides are leased at $1300 per mo. Owner Pays water. One side is month to month while the other is leased through February 2027. The building includes 2,040 square feet per public records and two approximately 1,020-square-foot units. Each unit has two bedrooms and one full bath upstairs, plus a spacious living area, dining area, kitchen, laundry connections and half bath downstairs. Both units include covered rear patios and fenced yard space, while four open parking spaces provide convenient off-street parking. The property is served by city water and sewer and sits on a 0.151-acre lot. Buyer and buyer's agent to verify all property information, measurements, rental information, occupancy, expenses and final owner-financing terms.

Duplex

Property Type

6,578 sqft

Lot Size

1984

Year Built

Listing Date: 09/10/2026

Listed by: Jesse Vasquez

Listing office: Malone and Associates RE

Source: NTREIS #21383830

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%
$299,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$299,900
Your Down Payment$59,980
Financed$239,920
Estimated Monthly Payment$2,143

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 ($59,980) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$2,143/month
Principal + Interest
$1,377
Property Taxes
$381
Home Insurance
$385
Rental Income (1 Unit)
$1,300/month

From the listing description.

Rental Expenses
-$234
Cost to live here
$1,077/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# 21383830 · Listing office: Malone and Associates RE

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.