Selected for the Terner Labs Housing Venture Lab

1227 Wilbur Street, Dallas, TX 75224

Active
Listed 109 days ago
Owner-Occupant Eligible
$305,000

About $1,387 a month to live here, after the rent from the other home.

House + ADU1,832 sqft5 beds2 bathsListed Jul 26, 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

$1,387a month

The second home on the lot rents for $1,138. We hold back $222 of that for repairs and an empty month, and the rest goes toward a $2,303 monthly payment.

Income to qualify: about $54,000 a year

With how much down?

At 20% down ($61,000) 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 $40,000 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.

$9,150 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Just minutes from the vibrant Bishop Arts District, this versatile property offers a rare combination of space, flexibility, and income potential. Featuring a spacious 5-bedroom, 2-bathroom main home and a detached approximately 400-square-foot accessory dwelling unit (ADU), this property presents an excellent opportunity for investors, multigenerational living, or owner-occupants looking to offset housing costs with supplemental rental income. The two-story main home offers a flexible floor plan with three bedrooms downstairs and two upstairs. Thoughtful updates throughout include laminate flooring, fresh interior paint, granite countertops, updated fixtures, and multiple living areas that provide plenty of room for entertaining, working from home, or everyday living. The detached ADU is a standout feature, complete with its own full kitchen and bathroom. Whether used as a rental, private guest suite, multigenerational living space, home office, or studio, this additional living space provides exceptional flexibility and potential. Major systems have also been updated for added peace of mind, with the roof, HVAC system, water heater, and electrical all approximately five years old. Outside, a spacious deck overlooks the large backyard, creating an inviting setting for weekend barbecues, gatherings, pets, or relaxing evenings outdoors. With a generous lot, updated finishes, multiple living spaces, a detached ADU, and a prime location just minutes from the restaurants, shopping, nightlife, and entertainment of Bishop Arts, this property offers a unique combination of lifestyle and investment opportunities. Washer, dryer, and refrigerator are negotiable with an acceptable offer. Buyer to independently verify rental potential, permitted uses, and applicable restrictions.

House + ADU

Property Type

7,841 sqft

Lot Size

1937

Year Built

Listing Date: 07/26/2026

Listed by: Shayne Hickey

Listing office: Texas Ally Real Estate Group

Source: NTREIS #21418056

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%
$305,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$305,000
Your Down Payment$61,000
Financed$244,000
Estimated Monthly Payment$2,303

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 ($61,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,303/month
Principal + Interest
$1,463
Property Taxes
$463
Home Insurance
$377
Rental Income (1 Unit)
$1,138/month

From the listing description.

Rental Expenses
-$222
Cost to live here
$1,387/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# 21418056 · Listing office: Texas Ally Real Estate Group

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.