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$228,000

NAL Estimated Property Value

2217 Rex Cruse Dr, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,679 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$160.81 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven, Refrigerator
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size9,026 sqft

Building Information

Year Built1968
Garage Spaces2

Land Information

APNS016 2200027
Lot Number14
SubdivisionRidgewood Addn
Land UseResidential
Legal DescriptionRIDGEWOOD ADDN, BLOCK 2, LOT 14, ACRES .2072
Census Tract001200
Assessed Land Value$50,540
Assessed Improvement Value$156,116
Assessment Year2025

About this property

This home has been beautifully updated with a designer's attention to detail! Fresh paint, new roof, new electrical panel, new sewer lines, new hot water heater, new landscaping, and new light fixtures. All new commercial grade vinyl flooring, new tile and new carpet in the bedrooms. The foundation has been completely redone with no expense spared. The kitchen has been fully remodeled, with Italian designer backsplash, new tile, fresh paint, new texture, all-new SS appliances (refrigerator included), painted cabinets and tasteful fixtures. The family room offers beautiful built-ins and is located near the dining room. Large primary suite includes a beautifully built, custom barn door that leads to the primary bath. This full primary bathroom has been exceptionally remodeled with dual sinks, tasteful fixtures, new lighting, and new tile flooring. The 2 secondary bedrooms share a jack and jill full bath that has also been fully remodeled. You'll find tons of storage throughout the home; including three closets in the hallway, two closets in the secondary bedroom, and even more storage the utility room. Oversized 2 car garage with an extra workbench included. The backyard offers views of mature trees, covered patio with all new pavers and includes a storage shed. Located in a quiet pocket neighborhood within walking distance to Fairview Park; which offers walking trails, basketball courts, playgrounds, dog park and splash pool in the summer! The home is also in a great location for easy access to HWY 75 and HWY 82.

Investor Tools

Property Icon
$228,000
Estimated Property Value
$192,376Estimated Mortgage Balance
$35,624Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,620 /month
Positive
Cash Flow Estimate:
$540 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$153/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$694
$206,656
2025
$50,540
$156,116
$206,656
No

Tax History

Year
Tax Paid
Assessed Value
2024
$694
$206,656

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Barco Lending Lp
Building Or Construction Loan
$197,960
No
First
Oct 31, 2024
Apr 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,376
$35,624
15%
84%
$1,187/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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2217 Rex Cruse Dr | Property Details | No Agent List