Selected for the Terner Labs Housing Venture Lab

11416 Summertree Lane, Dallas, TX 75243

Active
Listed 55 days ago
Owner-Occupant Eligible
$449,000

About $1,914 a month to live here, after the rent from the other home.

Duplex2,490 sqft4 beds4 bathsListed Sep 18, 2026

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

Live here for about

$1,914a month

The other home rents for $1,650. We hold back $297 of that for repairs and an empty month, and the rest goes toward a $3,267 monthly payment.

Income to qualify: about $76,000 a year

With how much down?

At 20% down ($89,800) 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 $62,000 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.

$15,715 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

INVESTMENT OPPORTUNITY – TURNKEY DUPLEX WITH LEASED UNITS. Excellent opportunity to own an income-producing duplex in the Springtree neighborhood zoned to Richardson ISD schools!. This full duplex features two spacious 2 Bedroom, 2 Bath units (2,490 total SF) offering immediate, stable income with SIGNIFICANT built-in upside and an attractive opportunity for an investor seeking an established rental property. 11414 (1,300 SF) is leased for $1,700 per month, while 11416 (1,190 SF) is leased for $1,650 per month notably below the surrounding submarket, where comparable dated units rent for approximately $1,800 per month and renovated units command $2,000-$2,200 per month. This rent gap represents a clear, low-risk path to increased cashflow through gradual lease adjustments or a light value-add renovation program. Recent updates include a new roof in 2026 (~$25K) and new HVAC system for 11414 (~$6K). Convenient access to North Central Expressway, nearby employment centers, shopping, and dining. A rare opportunity to acquire a stabilized, income-producing asset with meaningful upside in one of Dallas's most consistent rental corridors. Contact the listing agent for additional property, lease, and financial details.

Duplex

Property Type

5,663 sqft

Lot Size

1982

Year Built

Listing Date: 09/18/2026

Listed by: John West

Listing office: West Residential Realty, LLC

Source: NTREIS #21390542

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%
$449,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$449,000
Your Down Payment$89,800
Financed$359,200
Estimated Monthly Payment$3,267

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 ($89,800) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$3,267/month
Principal + Interest
$2,062
Property Taxes
$735
Home Insurance
$470
Rental Income (1 Unit)
$1,650/month

From the listing description.

Rental Expenses
-$297
Cost to live here
$1,914/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# 21390542 · Listing office: West Residential Realty, LLC

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.