Selected for the Terner Labs Housing Venture Lab

5315 Colonial Avenue, Dallas, TX 75215

Active
Listed 7 days ago
Owner-Occupant Eligible
$326,000

About $772 a month to live here, after the rent from the other home.

Duplex1,680 sqft6 beds2 bathsListed Nov 5, 2026

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

Live here for about

$772a month

The other home rents for $1,750. We hold back $263 of that for repairs and an empty month, and the rest goes toward a $2,259 monthly payment.

Income to qualify: about $47,000 a year

With how much down?

At 20% down ($65,200) 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 $45,000 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.

$11,410 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Excellent Turnkey Investment Opportunity. Newly renovated in 2026 and ready for immediate occupancy, this income-producing duplex presents an excellent opportunity for investors. Both Unit A and Unit B offer 3 bedrooms, 1 full bathroom, spacious living areas, and separate kitchens, creating functional layouts with plenty of space. The property is being sold as a complete duplex under one address and both are currently available for rent. Extensive renovations have transformed both units, featuring brand-new HVAC systems, updated electrical throughout, new luxury LVT flooring, beautifully remodeled kitchens, energy-efficient windows, and modern interior finishes and fixtures. Neither unit has been occupied since the renovations were completed. The property provides easy access to Downtown Dallas, Fair Park, Interstate 30, Interstate 45, DART transit, major employment centers, and ongoing neighborhood revitalization projects. Directions: From I-45 South, take Martin Luther King Jr. exit. Turn left to MLK and turn right onto SM Wright Freeway 310. Turn right onto Haven St, then turn right onto Colonial Ave. Schedule your showing today!

Duplex

Property Type

7,013 sqft

Lot Size

2020

Year Built

Listing Date: 11/05/2026

Listed by: Vanessa Brandt

Listing office: Redfin Corporation

Source: NTREIS #21429116

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%
$326,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$326,000
Your Down Payment$65,200
Financed$260,800
Estimated Monthly Payment$2,259

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 ($65,200) and 5.6%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,259/month
Principal + Interest
$1,497
Property Taxes
$502
Home Insurance
$260
Rental Income (1 Unit)
$1,750/month

From market rates for this unit's size.

Rental Expenses
-$263
Cost to live here
$772/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# 21429116 · Listing office: Redfin Corporation

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.