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$393,000

NAL Estimated Property Value

246 Rockport Rd, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,601 Sq Ft
price_per_sqft$186.76 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesElectric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size1 acre

Building Information

Year Built1993
Roof Type109
Garage Spaces2

Land Information

APN180A102800441
Lot Number6
SubdivisionReed Leonard A-G1028
Land UseResidential
Legal DescriptionG-1028 REED LEONARD A-G1028, TRACT PT LOT 6, ACRES 1.0, CHOCTAW ESTS CHOCTAW ESTS
Census Tract001901
Assessed Land Value$72,000
Assessed Improvement Value$245,478
Assessment Year2025

About this property

Country living just minutes from town! This is an immaculate, loved and cared-for property with incredible updates. Home features 3 bedrooms, partially converted garage, oversized family room, a beautiful open deck overlooking the backyard - all on one acre in beautiful southwest Sherman. This is one you don't want to miss! Schedule your viewing today!

Investor Tools

Property Icon
$393,000
Estimated Property Value
$45,717Estimated Mortgage Balance
$347,283Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,358 /month
Positive
Cash Flow Estimate:
$786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,136
$317,478
2025
$72,000
$245,478
$317,478
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,136
$317,478

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Royal United Mortgage Llc
Conventional
$58,835
No
First
Dec 9, 2015
Jan 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$45,717
$347,283
88%
12%
$353/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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246 Rockport Rd | Property Details | No Agent List