2311 Auburn CtShermanTX75092
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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 2311 Auburn Ct, Sherman, TX, 75092 priced at $699,000 converts $3,203/mo rent into after a $3,421/mo obligation. Total monthly income equals $3,203/mo. Return on cash invested prints 10.84% in year one, and rental yield reads 5.5% against a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation compiles into $193,121 by year five. Five-year ROI reaches 55.39% and total cumulative return in cash sums $127,370. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,203/mo property income covering a $3,421/mo payment, not borrower’s personal income.
Single Family
Built in 2001
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75092, Sherman, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,481 (100%) |
| Owner Occupied HU | 6,768 (50.2%) |
| Renter Occupied HU | 5,661 (42.0%) |
| Vacant Housing Units | 1,052 ( 7.8%) |
| Median Home Value | $310,571 |
| Average Home Value | $339,861 |
Housing Distribution
Address Breakdown
Residential
13,201
Single Family
9,832
Multi-Family
3,369
Businesses
546
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Listed by: Clay Gilbert • C-21 DEAN GILBERT, REALTORS
Mls Name: NTREIS
Mls ID: #20416433
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.