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$258,000

NAL Estimated Property Value

2505 N Lockhart Street, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,893 Sq Ft
price_per_sqft$129.37 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2.5Bathrooms 2.5
Garage AvailableGarage Available
AppliancesElectric Range, Vented Exhaust Fan
FlooringCarpet, Wood, Vinyl

Exterior

Lot Size9,601 sqft

Building Information

Year Built1967
Garage Spaces2

Land Information

APNS017 2025002
Lot Number2
SubdivisionBright Star Addn
Land UseResidential
Legal DescriptionBRIGHT STAR ADDN, BLOCK 1, LOT 2, ACRES .2204
Census Tract000904
Assessed Land Value$43,968
Assessed Improvement Value$187,371
Assessment Year2025

About this property

Beautiful roomy home in very desirable neighborhood in West Sherman near Fairview Park. Home features include updated vinyl plank, oversized garage for storage, cozy brick fireplace and a great sunroom to brighten your day. Side driveway goes to rear garage for privacy. Mature trees make this a serene place to call home. Handy half bath near laundry room. Updated countertops in kitchen. You will fall in love at first sight!

Investor Tools

Property Icon
$258,000
Estimated Property Value
$172,648Estimated Mortgage Balance
$85,352Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,548 /month
Positive
Cash Flow Estimate:
$516 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$374/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,195
$230,570
2025
$43,968
$187,371
$231,339
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,195
$230,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$188,000
No
First
Jan 14, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$172,648
$85,352
33%
67%
$1,128/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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2505 N Lockhart Street | Property Details | No Agent List