Active
2 units3 bd3 ba1,528 sqft
Cost to live here
$5,508/moafter $2,408/mo in rent
Income to qualify: about $187,000 a year, rent counted
At 20% down, 30-year fixed. From 3.5% down.
$1,200,000•Duplex
1495 Fm 36 N, Farmersville, TX 75442
14340 County Road 550 Road, Farmersville, TX 75442
Active
Listed 36 days agoOwner-Occupant Eligible
About $4,894 a month to live here, after the rent from the other home.
House + ADU2,819 sqft3 beds2 bathsListed Oct 7, 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
$4,894a month
The second home on the lot rents for $1,274. We hold back $229 of that for repairs and an empty month, and the rest goes toward a $5,939 monthly payment.
Income to qualify: about $154,000 a year
With how much down?
At 20% down ($176,990) 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 $115,000 of it. See the ten-year math
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.
$26,549 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
ONE-OF-A-KIND LAKE LAVON PROPERTY ON 10.149 ACRES! Discover the rare opportunity to own a beautifully updated property offering privacy, acreage, incredible lake views, and multiple living options. This unique estate features a 2,115 sq. ft. main home plus a 704 sq. ft. fully updated guest house, creating exceptional flexibility for multi-generational living, a private MIL suite, guest accommodations, or potential rental income. Both homes have been thoughtfully updated and are move-in ready. The main residence offers comfortable living spaces and a screened-in porch where you can relax and take in peaceful views of Lake Lavon and adjoining U.S. Army Corps of Engineers land, providing a scenic backdrop and added sense of privacy. The expansive 10.149-acre property offers room to enjoy the outdoors, pursue agricultural uses, or simply embrace the tranquility of country living near the lake. The property currently benefits from an agricultural exemption. For boating and lake recreation, Lakeland Park is just down the street and offers a convenient boat ramp, making it easy to enjoy everything Lake Lavon has to offer. Opportunities like this are hard to find—updated homes, acreage, lake views, a versatile guest house, and convenient access to the water all in one property. Come experience the possibilities of this exceptional Lake Lavon retreat!
House + ADU
Property Type
442,090 sqft
Lot Size
1982
Year Built
Listing Date: 10/07/2026
Listed by: Lori Clark
Listing office: Local Pro Realty LLC
Source: NTREIS #21398352
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%
$884,950
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$884,950
Your Down Payment$176,990
Financed$707,960
Estimated Monthly Payment$5,939
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 ($176,990) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$5,939/month
Principal + Interest
$4,245Property Taxes
$1,162Home Insurance
$532Rental Income (1 Unit)
$1,274/month
From the listing description.
Rental Expenses
-$229Cost to live hereCost to live here, after rent
$4,894/month
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
LOCATION
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.
MLS# 21398352 · Listing office: Local Pro 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.
