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$240,000

1905 E Alma Ave, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,463 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.46 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesAwning(s), Rain Gutters, Lighting, Other
Lot Size7,501 sqft

Building Information

Year Built2005

Land Information

APNS021 216003002
Lot Number19
SubdivisionMilan Heights Addn
Land UseResidential
Legal DescriptionMILAN HEIGHTS ADDN, BLOCK 2, LOT 19, ACRES .1722
Census Tract001400
Assessed Land Value$37,500
Assessed Improvement Value$171,195
Assessment Year2025

About this property

Backyard paradise! TWO primary suites perfect for multigenerational living or company, and two more bedrooms for guests, family or office space. Not to mention three full baths and large open living area with access to side patio. The real selling point for entertainers is the backyard living area with huge covered porch and seating area! Put up a projector or flat screen TVs and watch your favorite event or show with friends and the hot tub can convey with property. Just a short walk to Old Settler's Park, and short drive to Texoma Parkway and US 82. No survey available.

Investor Tools

Property Icon
$240,000
Estimated Property Value
$148,500Estimated Mortgage Balance
$105,425Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,470 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,105
$208,695
2025
$37,500
$171,195
$208,695
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,105
$208,695

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Donny Chen Etal
Unknown
$148,500
No
First
Aug 25, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,835
$110,165
44%
56%
$891/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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1905 E Alma Ave | Property Details | No Agent List