828 W Fern 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
Rental property for sale in Sherman at 828 W Fern St, Sherman, TX, 75092 priced at $199,900 converts $2,369/mo rent into $948/mo cash flow after a $978/mo obligation. Total monthly income equals $2,369/mo, and annual cash flow totals $11,375/yr on $66,267 invested. Return on cash invested prints 37.07% in year one, and rental yield reads 14.22% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 196.1% and total cumulative return in cash sums $129,949. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,369/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1930
7,143 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: Megan Christensen • Texas Life Real Estate
Mls Name: NTREIS
Mls ID: #20685312
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.