2013 E Cherry StShermanTX75090
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2013 E Cherry St, Sherman, TX, 75090 uses $66,300 cash to close to unlock $2,696/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,647/mo, and a $979/mo payment keeps the spread at $225/mo. Purchase price stands at $199,999, and rental yield measures 9.88% with $1,647/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash records $83,456. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,647/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1960
7,056 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Haley Howard • EXP REALTY
Mls Name: NTREIS
Mls ID: #20756122
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.