Selected for the Terner Labs Housing Venture Lab

5959-5961 Robinwood Lane, Little Elm, TX 75068

Active
Listed 47 days ago
Owner-Occupant Eligible
$315,000

About $829 a month to live here, after the rent from the other home.

Duplex1,700 sqft4 beds2 bathsListed Sep 26, 2026

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

Live here for about

$829a month

The other home rents for $1,547. We hold back $255 of that for repairs and an empty month, and the rest goes toward a $2,121 monthly payment.

Income to qualify: about $45,000 a year

With how much down?

At 20% down ($63,000) 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 $43,000 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.

$11,025 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 in Little Elm! This tenant-occupied duplex at 5959–5961 Robinwood includes two 2-bedroom, 1-bath residences with an established rental history. Each unit has separate living and dining areas, a kitchen, and a full-size utility room with storage shelving. Unit 5959 features wood-look laminate flooring, ceramic tile in the bathroom, utility room and rear entry, stained kitchen cabinetry, laminate countertops, and an electric range. Its extended patio opens to a fenced yard shaded by mature trees. Unit 5961 offers wood-look laminate flooring, ceramic tile in the bathroom and laundry room, stained cabinetry, laminate countertops, and an electric range. Neutral finishes give both residences broad appeal. Additional features investors will appreciate include: the property has no HOA, it has designated onsite parking for two vehicles, roof replaced in March 2025, and new HVAC installed in June 2021. The property is conveniently located near Little Elm shopping and dining, Lake Lewisville, major roadways and employment corridors, and is served by Little Elm ISD. Looking to add more doors? The sellers also own the adjacent duplex at 5931–5933 Robinwood. The duplexes may be purchased separately or considered together as a four-unit portfolio.

Duplex

Property Type

5,998 sqft

Lot Size

2003

Year Built

Listing Date: 09/26/2026

Listed by: Tracy Cavazos

Listing office: Compass RE Texas, LLC

Source: NTREIS #21389819

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%
$315,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$315,000
Your Down Payment$63,000
Financed$252,000
Estimated Monthly Payment$2,121

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 ($63,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$2,121/month
Principal + Interest
$1,447
Property Taxes
$382
Home Insurance
$292
Rental Income (1 Unit)
$1,547/month

From the listing description.

Rental Expenses
-$255
Cost to live here
$829/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# 21389819 · Listing office: Compass RE Texas, 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.