Selected for the Terner Labs Housing Venture Lab

1814 Fm 1187, Crowley, TX 76036

Active
Listed 29 days ago
Owner-Occupant Eligible
$475,000

About $2,107 a month to live here, after the rent from the other home.

Duplex1,817 sqft5 beds3 bathsListed Oct 14, 2026

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

Live here for about

$2,107a month

The other home rents for $1,395. We hold back $230 of that for repairs and an empty month, and the rest goes toward a $3,272 monthly payment.

Income to qualify: about $79,000 a year

With how much down?

At 20% down ($95,000) 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 $65,000 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.

$16,625 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Turn-key, two homes two addresses one property! Situated in rural Crowley, Texas, this incredible 0.66-acre property features two entirely separate, detached homes on a single lot, plus a large shop on a slab in the back yard. Perfect for dual rental income or a live-in primary residence with an automated rental next door. Also great for commercial use or office use as it is outside any zoning. Great high traffic counts sittin on fm 1187. Built for maximum independent living, both homes feature large covered front porches that perfectly capture peaceful Texas vibes, along with separately metered electric & two 500-gallon septic tanks for simple, low-overhead property management (water shares a single master meter). Convenient to the chisholm trail parkway just 2 miles up the road. Main Residence (1,817 Sq Ft) • Layout: A spacious 3-bed (and bonus room or 4th bedroom), 2-bath floor house. • Parking & Exterior: Features a large covered front porch & attached 480 sq ft carport for parking & storage. • Updated several years ago with recently added fresh interior paint and modernized kitchen & bathrooms. Second Detached Home (875 Sq Ft) • Layout: An incredible 2-bed, 1-bath home. • Exterior: Features a covered front porch, matching the farmhouse aesthetic of the main house. • Completely remodeled to command top-tier rental rates. The kitchen has a brand-new range & premium quartz countertops. Finishes throughout; flooring, paint, lights & ceiling fans & doors. Refreshed bathroom with a modern vanity & a shower-tub insert. • Utility Setup: Property management is made incredibly straightforward with separate electric meters and two independent 500-gallon septic systems (one for each house). The homes share a single water meter, making billing simple to calculate. • A .66 acre gives a good amount of physical separation offering a level of privacy. • Enjoy rural Crowley while retaining quick access to amenities & major commuter highways.

Duplex

Property Type

28,750 sqft

Lot Size

1987

Year Built

Listing Date: 10/14/2026

Listed by: Jonathan Cook

Listing office: Realty Of America, LLC

Source: NTREIS #21408077

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%
$475,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$475,000
Your Down Payment$95,000
Financed$380,000
Estimated Monthly Payment$3,272

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 ($95,000) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,272/month
Principal + Interest
$2,182
Property Taxes
$747
Home Insurance
$343
Rental Income (1 Unit)
$1,395/month

From market rates for this unit's size.

Rental Expenses
-$230
Cost to live here
$2,107/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# 21408077 · Listing office: Realty Of America, 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.