Active
2 units6 bd4 ba6,387 sqft
Cost to live here
$5,651/moafter $2,000/mo in rent
Income to qualify: about $187,000 a year, rent counted
At 20% down, 30-year fixed. From 3% down.
$1,049,000•House + ADU
198 Rolling Oak Dr, Elgin, TX 78621
310 Houston St, Elgin, TX 78621
Active
Listed 90 days agoOwner-Occupant Eligible
About $172 a month to live here, after the rent from the other home.
Duplex1,948 sqft6 beds4 bathsListed Aug 14, 2026
A duplex. Live in one home and rent out the other. How it works
Live here for about
$172a month
The other home rents for $1,900. We hold back $371 of that for repairs and an empty month, and the rest goes toward a $1,701 monthly payment.
Income to qualify: about $30,000 a year
With how much down?
At 20% down ($40,000) 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 $28,000 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.
$7,000 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 Elgin – Duplex on Two City Lots! Great opportunity for investors, builders, or buyers looking for a property with potential! This duplex sits on two city lots zoned R-3, offering possibilities for future development. Depending on City of Elgin regulations and approval, permitted uses may include site-built homes, duplexes, or modular homes. With two separate lots, there may be an opportunity to build two homes, two duplexes, or two modular homes. Buyers should verify zoning, lot requirements, utilities, and development possibilities directly with the City of Elgin Development Services Department. The existing duplex needs repairs and updates, but Unit B is currently tenant-occupied, providing an opportunity for rental income. Unit A is available for showings, while Unit B may be viewed by appointment arranged through the listing agent. Whether you're looking to renovate an existing income-producing property or explore future development possibilities, this property offers plenty of potential! Property is being sold AS-IS. Seller does not have a survey. Schedule your showing today and explore the possibilities!
Duplex
Property Type
13,748 sqft
Lot Size
1965
Year Built
Listing Date: 08/14/2026
Listed by: Pedro Bega
Listing office: Jeanette Shelby, Realtors
Contact: (512) 433-9056
Source: Unlock MLS #ACT1481369
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%
$199,999
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$199,999
Your Down Payment$40,000
Financed$159,999
Estimated Monthly Payment$1,701
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 ($40,000) and 5.6%, 30-year fixed. Your rate and down payment change this.
Current Rent
Current Rent
Market Rent
Estimated Monthly Payment (Before Rental Income)
$1,701/month
Principal + Interest
$919Property Taxes
$460Home Insurance
$322Estimated Monthly Payment (Before Rental Income)
$1,701/month
Principal + Interest
$919Property Taxes
$460Home Insurance
$322$1,701/month
$919
$460
$322
Rental Income (1 Unit)
$1,900/month
From leases in place.
Rental Expenses
-$371Rental Income (1 Unit)
$1,900/month
From leases in place.
Rental Expenses
-$371$1,325/month
-$258
Cost to live hereCost to live here, after rent
$172/month
Cost to live hereCost to live here, after rent
$172/month
$634/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# ACT1481369 · Listing office: Jeanette Shelby, Realtors
Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
