511 N Ricketts StShermanTX75092
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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 511 N Ricketts St, Sherman, TX, 75092 uses $64,643 cash to close to unlock $993/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $1,469/mo, and a $954/mo payment keeps the spread at $83/mo. Purchase price stands at $195,000, and rental yield measures 9.04% with $1,469/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 112.31% and total cumulative return in cash records $72,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,469/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1940
6,098 sqft 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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