1108 S Montgomery StShermanTX75090
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sherman at 1108 S Montgomery St, Sherman, TX, 75090 priced at $230,000 converts $1,819/mo rent into $183/mo cash flow after a $1,126/mo obligation. Total monthly income equals $1,819/mo, and annual cash flow totals $2,198/yr on $76,245 invested. Return on cash invested prints 22.79% in year one, and rental yield reads 9.49% against a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,545 by year five. Five-year ROI reaches 119.58% and total cumulative return in cash sums $91,171. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,819/mo property income covering a $1,126/mo payment, not borrower’s personal income.
Single Family
Built in 1920
7,013 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75090, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,606 (100%) |
| Owner Occupied HU | 5,791 (54.6%) |
| Renter Occupied HU | 3,748 (35.3%) |
| Vacant Housing Units | 1,067 (10.1%) |
| Median Home Value | $234,733 |
| Average Home Value | $309,667 |
Housing Distribution
Address Breakdown
Residential
9,743
Single Family
8,913
Multi-Family
830
Businesses
1,352
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Listed by: Juan Lopez • RE/MAX Four Corners
Mls Name: NTREIS
Mls ID: #20579780
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.