1507 E Wells AveShermanTX75090
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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
Investment property for sale in Sherman at 1507 E Wells Ave, Sherman, TX, 75090 offers a 6.73% rental yield on a $249,999 purchase with $1,403/mo rent. 48% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 74.93% and total cumulative return in cash at $62,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,403/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
9,016 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: Robert Genera • United Real Estate
Mls Name: NTREIS
Mls ID: #21010174
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.