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$386,000

NAL Estimated Property Value

2290 Old Southmayd Rd, Sherman, TX, 75092

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,312 Sq Ft
price_per_sqft$209.6 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesBuilt-In Gas Range, Dishwasher, Gas Cooktop, Gas Range, Microwave, Plumbed For Ice Maker, Tankless Water Heater, Gas Water Heater
FlooringConcrete

Exterior

Exterior FeaturesRain Gutters
Lot Size1 acre

Building Information

Year Built2016
Garage Spaces4

Land Information

APN133 8650001
Lot Number1
SubdivisionHyde Swiler Addn
Land UseResidential
Legal DescriptionHYDE SWILER ADDN, LOT 1, ACRES 1.
Census Tract001101
Assessed Land Value$75,000
Assessed Improvement Value$196,683
Assessment Year2025

About this property

Darling Red Metal Barndo. Concrete floors, large master suite with huge closet and dressing area. Beautiful modern functional kitchen with custom cabinets and farm sink. Granite cabinets with breakfast bar. Large covered back porch spans the back of the home. The entire home has Spray foam insulation . The attached huge garage has a tall vaulted ceiling. Roll up doors in front and back. The garage has walk up stairs to a fully floored attic with foamed walls. There is a water line to the garage area. This 1 acre property includes a barn and is fenced. We are also offering this property combined with the house next door and 3.5 acres See MLS #14747970

Investor Tools

Property Icon
$386,000
Estimated Property Value
$0Estimated Mortgage Balance
$386,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,316 /month
Positive
Cash Flow Estimate:
$772 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$271,683
2025
$75,000
$196,683
$271,683
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$271,683

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$386,000
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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2290 Old Southmayd Rd | Property Details | No Agent List