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$249,000

NAL Estimated Property Value

317 W Mclain Drive, Sherman, TX, 75092

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths1,999 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Electric Water Heater
FlooringCeramic Tile, Laminate

Exterior

Lot Size8,276 sqft

Building Information

Year Built1950

Land Information

APNS012 076302801
SubdivisionMcanair J B
Land UseResidential
Legal DescriptionG-0763 MCANAIR J B, ACRES .19
Census Tract000904
Assessed Land Value$40,058
Assessed Improvement Value$156,168
Assessment Year2025

About this property

Great investment property in west Sherman! Duplex that has 3 bedrooms at one unit and 2 bedrooms at the other unit. Both are currently occupied with tenants that would love to stay. Well-maintained property!

Investor Tools

Property Icon
$249,000
Estimated Property Value
$195,200Estimated Mortgage Balance
$53,800Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$542/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,258
$196,226
2025
$40,058
$156,168
$196,226
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,258
$196,226

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Commercial
$208,000
No
First
Jan 17, 2023
Jan 2043

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,200
$53,800
21%
78%
$1,248/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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317 W Mclain Drive | Property Details | No Agent List