1309 Salton LnShermanTX75090
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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 1309 Salton Ln, Sherman, TX, 75090 generates $2,010/mo in rent and, after a $1,189/mo payment, leaves $282/mo in cash flow. Total monthly income is $2,010/mo, and annual cash flow is $3,388/yr on $80,554 invested. Return on cash invested sits at 24.12% in year one, and rental yield is 9.93% on a $242,999 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 126.65% and total cumulative return in cash sums $102,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
N/A 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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