217 E Iowa 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
Investment property for sale in Sherman at 217 E Iowa St, Sherman, TX, 75090 listed at $197,500 pairs $1,910/mo rent with a $967/mo payment to leave $505/mo cash flow. Total monthly income runs $1,910/mo, and annual cash flow reaches $6,063/yr on $65,471 cash to close. Return on cash invested measures 29.17% in year one, and rental yield registers 11.61% at a $197,500 basis. Equity gained on principal adds $1,274/yr, and annual property appreciation at 5% supports $54,566 by year five. Five-year ROI tracks 153.78% and total cumulative return in cash totals $100,683. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,910/mo property income relative to a $967/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1969
9,583 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: LINDA COOK • ERA Steve Cook & Co, REALTORS
Mls Name: NTREIS
Mls ID: #20927346
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.