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$185,000

206 Iowa St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,269 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$86.68 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Plumbed For Ice Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater
FlooringCeramic Tile, Concrete, Laminate

Exterior

Lot Size8,398 sqft

Building Information

Year Built1969
Garage Spaces2

Land Information

APNS059 2059047
Lot Number32
SubdivisionConstitution Village
Land UseResidential
Legal DescriptionCONSTITUTION VILLAGE, BLOCK 3, LOT 32, ACRES 0.1928
Census Tract001500
Assessed Land Value$51,156
Assessed Improvement Value$112,972
Assessment Year2025

About this property

COZY HOME WITH BONUSES! Brick home in Constitution Village is one level, 3 bedrooms, 2 Baths, 2 Car Garage. Kitchen has extra cabinets, stove, dishwasher & refrigerator. Separate Utility Room with more cabinet storage. Garage has built-in workbench & sink and more storage cabinets. Spacious Living Room. Bonus Room currently used for Hobby Room or Study is 13x12, heated & cooled in not included in the Living sq footage. Plus a Sunroom currently used for extra storage is apx 12x12. Yard is shaded with mature trees, fenced, plus Workshop with electrical. Some TLC is needed. Great location close to all the new developments happening in South Sherman, just off Hwy 75. Don't wait too long or it will be gone!

Investor Tools

Property Icon
$185,000
Estimated Property Value
$128,000Estimated Mortgage Balance
$73,876Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,721
$164,128
2025
$51,156
$112,972
$164,128
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,721
$164,128

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texoma S & D Properties Inc
Purchase Money Mortgage
$128,000
No
First
Sep 6, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,124
$73,876
39%
60%
$768/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.

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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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206 Iowa St | Property Details | No Agent List