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$220,128

NAL Estimated Property Value

224 E Lake St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,238 Sq Ft
DuplexDuplex
price_per_sqft$1.27 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size6,900 sqft

Building Information

Year Built1968
Garage Spaces1

Land Information

APNS052 222100501
SubdivisionSouthside Addn
Land UseResidential
Legal DescriptionSOUTHSIDE ADDN, BLOCK 2, LOT E 69' 1 & 2, ACRES .1584
Census Tract002000
Assessed Land Value$58,512
Assessed Improvement Value$161,616
Assessment Year2025

About this property

2021 built half duplex. Shows great with modern contemporary feel...granite in kitchen and baths, stainless appliances. Living, kitchen, laundry and half bath on 1st floor. All bedrooms and small loft area on 2nd floor. Large fenced backyard and attached 1 car garage with opener. These rent fast. Ready for Feb 1st move in. Refrigerator included. See rental guidelines in the duplex or online in MLS. 1 or 2 year lease ok. 2 Small dogs under 25lbs ok with deposit.

Investor Tools

Property Icon
$220,128
Estimated Property Value
$0Estimated Mortgage Balance
$220,128Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,321 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$535/month
$1/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,325
$220,128
2025
$58,512
$161,616
$220,128
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,325
$220,128

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$220,128
100%
0%
$0/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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224 E Lake St | Property Details | No Agent List