Selected for the Terner Labs Housing Venture Lab

520 Liveoak Street, Meridian, TX 76665

Active
Listed 6 days ago
Owner-Occupant Eligible
$255,000

About $159 a month to live here, after the rent from the other homes.

Triplex2,400 sqft3 beds4 bathsListed Nov 6, 2026

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

Live here for about

$159a month

The other homes rent for $2,172. We hold back $358 of that for repairs and an empty month, and the rest goes toward a $1,973 monthly payment.

Income to qualify: about $36,000 a year

With how much down?

At 20% down ($51,000) 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 $33,000 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.

$12,750 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 MERIDIAN, TEXAS! FULLY OCCUPIED TRIPLEX WITH IMMEDIATE RENTAL INCOME! Whether you're an experienced investor looking to expand your portfolio or purchasing your first income-producing property, this triplex offers an excellent opportunity to generate rental income from day one! Featuring three separate units with approximately 2,400 square feet of combined living space, the property includes one spacious 1,200-square-foot unit and two additional 600-square-foot units. All three units are currently occupied, offering established rental income with potential for future growth. Recent improvements include a metal roof installed approximately four years ago and a new central air conditioning system in the downstairs unit. Built in 1999 according to county tax records, this property offers the convenience of having tenants already in place. Located in Meridian, Texas, this property presents an opportunity to invest in a multi-unit rental property with existing occupancy and long-term income potential. Whether you're looking to diversify your investments, expand your rental portfolio, or begin building wealth through real estate, this property is worth a look. THREE UNITS, EXISTING TENANTS, AND INVESTMENT POTENTIAL! Don't miss this opportunity to own an income-producing property in Meridian!

Triplex

Property Type

8,276 sqft

Lot Size

1999

Year Built

Listing Date: 11/06/2026

Listed by: Carrie Millea

Listing office: White Label Realty

Source: NTREIS #21430626

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%
$255,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$255,000
Your Down Payment$51,000
Financed$204,000
Estimated Monthly Payment$1,973

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 ($51,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$1,973/month
Principal + Interest
$1,223
Property Taxes
$382
Home Insurance
$368
Rental Income (2 Units)
$2,172/month

From the listing description.

Rental Expenses
-$358
Cost to live here
$159/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# 21430626 · Listing office: White Label Realty

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.