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B+
NoAgentList RatingHow are grades calculated? Info
Days75Days on Market
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$150,000

405 N Carr Avenue, Sherman, TX, 75090

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$180.29 / sqft
Year BuiltBuilt in 1964

Property Lead Type:

BankruptcyPre-ForeclosureMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size8,999 sqft

Building Information

Year Built1964
Roof Type109
Garage Spaces1

Land Information

APNS032 2010097
Lot Number15
SubdivisionBelmont Addn
Land UseResidential
Legal DescriptionBELMONT ADDN, LOT 15 & S/2 16, ACRES .2066
Census Tract001400
Assessed Land Value$48,762
Assessed Improvement Value$54,329
Assessment Year2025

About this property

BELOW MARLET VALUE OPPORTUNITY - Charming 2-bedroom, 1-bath home featuring modern upgrades and a beautiful deck overlooking your spacious backyard—perfect for comfortable living, entertaining, or investment potential. This inviting home offers a great blend of style, functionality, and low-maintenance living, making it ideal for first-time buyers, downsizers, or investors seeking a solid rental opportunity. Step inside to find durable luxury vinyl plank flooring throughout (NO CARPET!) The updated kitchen features stainless steel appliances, modern cabinetry, and ample counter space—perfect for everyday cooking and appeal. The open and welcoming living areas create a seamless flow, making it easy to relax or entertain guests. The primary bedroom is complete with a spacious walk-in closet while the secondary bedroom offers flexibility for a home office, guest space, or flex space to fit your needs. Step outside to enjoy the backyard deck overlooking your spacious private backyard—an ideal space for outdoor dining, entertaining, or relaxing. With its updated features and functional layout, this property presents a strong opportunity as a rental investment or long-term home. Conveniently located near shopping, dining, and major highways, it offers both lifestyle convenience and investment potential. This property is also offered as part of an Investor Package Deal.

Investor Tools

Property Icon
$156,000
Estimated Property Value
$0Estimated Mortgage Balance
$45,454Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$936 /month
Positive
Cash Flow Estimate:
$312 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$284/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,622
$103,091
2025
$48,762
$54,329
$103,091
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,622
$103,091

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Bank
Credit Line (Revolving) / Heloc
$120,600
No
First
Dec 6, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$110,546
$45,454
29%
71%
$724/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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