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$1,600

1197 Fm 697, Sherman, TX, 75090

On MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,296 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.23 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesGas Range, Gas Water Heater
FlooringLaminate

Exterior

Lot Size3 acres

Building Information

Year Built1945
Garage Spaces2

Land Information

APN186 006600802
SubdivisionBailey Winifred A-G0066
Land UseResidential
Legal DescriptionG-0066 BAILEY WINIFRED A-G0066, ACRES 3.0
Census Tract000102
Assessed Land Value$138,000
Assessed Improvement Value$58,702
Assessment Year2025

About this property

Renovated 3 Bedroom Home with Utilities Included Near Sherman. Recently renovated 3-bedroom, 1 full bath, and 1 half bath home located just outside the Sherman city limits, offering a more relaxed setting with convenient access to nearby amenities. Recent updates include newer windows, flooring, ceiling fans, and a water heater. The home features central heat and air, a spacious pantry, and ceiling fans throughout the living room, dining area, kitchen, and all bedrooms for added comfort. The kitchen includes a gas stove, along with some existing blinds and curtains. Enjoy a large front yard with mature trees and a cozy backyard area, with approximately one-half acre available for tenant use. Uncovered gravel parking is available. All utilities are included in the lease for added convenience. Landlord will maintain the front yard mowing, while the tenant is responsible for backyard maintenance. Conveniently located near Sherman shopping, dining, and major roadways while still offering a more peaceful atmosphere outside city limits.

Investor Tools

$340,779Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,302 /month
Positive
Cash Flow Estimate:
$434 /month

Interested in this property?

Elena Marrufo

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$391/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,602
$196,702
2025
$138,000
$58,702
$196,702
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,602
$196,702

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jesse E Grider
Seller Carryback / Seller Financing / Seller Take-Back
$360,000
No
First
Jun 1, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$340,779
N/A
0%
157%
$2,159/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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