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$223,000

NAL Estimated Property Value

2304 N Ricketts St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$140.74 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Double Oven, Gas Cooktop, Gas Oven, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Lot Size7,096 sqft

Building Information

Year Built1963
Garage Spaces2

Land Information

APNS017 2176034
Lot Number2
SubdivisionNorthwood Addn
Land UseResidential
Legal DescriptionNORTHWOOD ADDN, BLOCK 3, LOT 2, ACRES .1629
Census Tract001200
Assessed Land Value$63,075
Assessed Improvement Value$135,717
Assessment Year2025

About this property

TENANT OCCUPIED. DO NOT DISTURB TENANTS. Beautifully updated , INCOME PRODUCING home in West Sherman. Walking distance to Fairview Park, Splash Water Park, and Fairview Elementary. Kitchen boasts new counter tops with stainless steel double oven, refrigerator, microwave and cook top. Wood floors throughout the home. Gas fire place, ready for our crisp winters. Two car garage with large storage cabinets. WD hookup in garage with extra storage cabinets. Wooden fence in back yard helps keep the space private. Buyer and buyer's agent to verify all information in the listing.

Investor Tools

Property Icon
$223,000
Estimated Property Value
$117,634Estimated Mortgage Balance
$105,366Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,338 /month
Positive
Cash Flow Estimate:
$446 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,544
$198,792
2025
$63,075
$135,717
$198,792
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,544
$198,792

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Unknown
$125,568
No
First
Dec 14, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,634
$105,366
47%
53%
$753/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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2304 N Ricketts St | Property Details | No Agent List