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$191,000

308 S Sherman St, Pilot Point, TX, 76258

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths880 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$203.41 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

Lot Size8,499 sqft

Building Information

Year Built1970
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR39805
Lot Number1
SubdivisionWhite
Land UseResidential
Legal DescriptionWHITE BLK 22 LOT 1(S1/2 OF E85')
Census Tract020118
Assessed Land Value$57,375
Assessed Improvement Value$59,804
Assessment Year2025

About this property

Turnkey investment property with dual homes in Pilot Point, Texas. Excellent opportunity for investors seeking immediate, steady income in a prime Denton location. This property is currently leased, providing a consistent cash-flow stream from day one. Situated for strong rental demand, this offering is perfect for experienced investors or those looking to expand their portfolio with minimal effort. The current lease if $1,295 per month, lease runs to June 4, 2026. Pictures on MLS are of home prior to current lease. Contact listing agent for showing information.

Investor Tools

Property Icon
$191,000
Estimated Property Value
$2,415,000Estimated Mortgage Balance
$0Estimated Equity
-1164% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,146 /month
Positive
Cash Flow Estimate:
$382 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$255/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,100
$117,179
2025
$57,375
$59,804
$117,179
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,100
$117,179

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Commercial
$2,415,000
No
First
Jun 13, 2016
Jun 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,226,880
N/A
0%
1166%
$16,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
$16,399/mo
$-14,427/mo
12.4%

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: Pilot Point

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308 S Sherman St | Property Details | No Agent List