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$168,000

NAL Estimated Property Value

406 Iowa Street, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,175 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$114.89 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, None

Exterior

Lot Size8,398 sqft

Building Information

Garage Spaces1

Land Information

APNS059 2059056 02
Lot Number23
SubdivisionConstitution Village
Land UseReal-Residential Single Family & Condos W/Lan
Legal DescriptionCONSTITUTION VILLAGE, BLOCK 3, LOT 23, ACRES .1928, UNDIVIDED INTEREST 50.0000000000%
Census Tract001500
Assessed Land Value$25,578
Assessed Improvement Value$43,367
Assessment Year2025

About this property

Great starter home offering 3 bedrooms, 1.5 baths, 2 living areas and laundry room with garage entry. Easily accessible to Hwy 75 for easy access to most employers. Home to be sold “As-Is”, HVAC does not work, seller will not do any repairs. Information deemed reliable but not guaranteed.

Investor Tools

Property Icon
$168,000
Estimated Property Value
$0Estimated Mortgage Balance
$168,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$323/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,042
$68,945
2025
$25,578
$43,367
$68,945
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,042
$68,945

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$168,000
100%
0%
$0/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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406 Iowa Street | Property Details | No Agent List