Selected for the Terner Labs Housing Venture Lab

4101 Chipwood Court, Arlington, TX 76017

Active
Listed 42 days ago
Owner-Occupant Eligible
$334,900

About $1,545 a month to live here, after the rent from the other home.

House + ADU2,141 sqft4 beds3 bathsListed Oct 1, 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

$1,545a month

The second home on the lot rents for $1,166. We hold back $210 of that for repairs and an empty month, and the rest goes toward a $2,501 monthly payment.

Income to qualify: about $59,000 a year

With how much down?

At 20% down ($66,980) 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 $44,000 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.

$10,047 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Spacious 4-bedroom, 3-bath Forest Grove home with a permitted mother-in-law suite! Set on a desirable corner lot leading into a cul-de-sac, this well-maintained property offers thoughtful updates, mature trees, established landscaping, and exceptional flexibility for multigenerational living, guests, a private workspace, or potential rental income. Inside the main home, a spacious sunken living room features a vaulted ceiling and a fireplace. The galley-style kitchen offers granite countertops and tile flooring and opens to a dinette area with built-in cabinetry and a sliding door to the patio. The primary suite also features its own sliding door to the patio, creating a convenient connection to the backyard and outdoor living space. Both main-home bathrooms have been updated. The standout feature is the permitted 2013 1-bedroom, 1-bath mother-in-law suite, complete with its own bedroom and closet, full bathroom, kitchenette, private exterior entrance, dedicated HVAC, separate electrical panel, and private side driveway with parking directly at the door. This versatile space is ideal for multigenerational living, extended-stay guests, a private home office or studio, or potential rental income. Additional updates include a new roof, new cellulose attic insulation, fresh interior paint, new carpet, and both HVAC systems replaced in 2022. The property also features a two-car attached garage plus two backyard storage sheds, including a larger electrically equipped shed offering excellent additional storage or workspace potential. Conveniently located in Arlington ISD and just minutes from a nearby city parks, US-287, and I-20, this unique property combines comfortable everyday living with the flexibility of a separate living space. If you're looking for extra space, multigenerational flexibility, guest accommodations, or potential income-producing space, this one deserves a closer look.

House + ADU

Property Type

7,884 sqft

Lot Size

1981

Year Built

Listing Date: 10/01/2026

Listed by: Sondra Flores

Listing office: Century 21 Mike Bowman, Inc.

Source: NTREIS #21381434

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%
$334,900

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$334,900
Your Down Payment$66,980
Financed$267,920
Estimated Monthly Payment$2,501

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 ($66,980) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,501/month
Principal + Interest
$1,606
Property Taxes
$491
Home Insurance
$404
Rental Income (1 Unit)
$1,166/month

From market rates for this unit's size.

Rental Expenses
-$210
Cost to live here
$1,545/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# 21381434 · Listing office: Century 21 Mike Bowman, Inc.

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.