602 Pikes PlShermanTX75092
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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 602 Pikes Pl, Sherman, TX, 75092 offers $2,695/mo rent that, after a $1,571/mo payment, leaves $413/mo cash flow. Total monthly income is $2,695/mo, and annual cash flow is $4,952/yr on $106,378 cash. Return on cash invested measures 24.56% in year one, and rental yield stands at 10.08% at a $320,900 entry. Equity gained on principal adds $2,071/yr while 5% annual appreciation compounds into $88,659 by year five. Five-year ROI records 129.02% and total cumulative return in cash reaches $137,254. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,695/mo property income versus a $1,571/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
9,801 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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Listed by: Mary Beth Blagg • Bryan Blagg Real Estate
Mls Name: NTREIS
Mls ID: #20679815
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.