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$167,190

NAL Estimated Property Value

423 Key Rd, Sherman, TX, 75090

$217,347 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,568 Sq Ft
price_per_sqft$107.46 / sqft
Year BuiltBuilt in 2000

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher
FlooringCarpet, Ceramic Tile, Linoleum

Exterior

Lot Size1 acre

Building Information

Year Built2000
Garage Spaces2

Land Information

APN190 688800101
Lot Number1
SubdivisionHorse Shoe Alley
Land UseResidential
Legal DescriptionHORSE SHOE ALLEY, LOT PT 1, ACRES 1.0, MH LABEL# PFS0633801 / PFS0633802
Census Tract001801
Assessed Land Value$73,000
Assessed Improvement Value$94,190
Assessment Year2025

About this property

This is truly a little diamond in the rough, great land with very old large hardwood and fruit trees. Back yard is fenced, but not to the edge of the property, you will see barbed wire fencing in the back and that should be the property line. This is a 3 bedroom, 2 bath, dine in kitchen with a large in ground storm shelter in place. Home sets quite a ways off of road behind lots of trees for added privacy. Tom Bean School district, within 15 minutes of medical, dining, retail, the new IT corridor. Don't miss this opportunity to put in a bit of elbow grease for an amazing little home site. Livestock allowed, country living minutes from town! IF you are looking for a place to build that already has utilities in place, this may be your answer, live in or remove mobile home and build your dream spot! The owner is occupying home and it will be sold as is with no concessions for repair, priced accordingly. Inspection available from May 24

Investor Tools

Property Icon
$167,190
Estimated Property Value
$148,886Estimated Mortgage Balance
$18,304Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$217,347
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,011 /month
Positive
Cash Flow Estimate:
$337 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,288
$167,190
2025
$73,000
$94,190
$167,190
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,288
$167,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Unknown
$156,750
No
First
Aug 3, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,886
$18,304
10%
89%
$940/mo

Learn About the Market: Opportunity in Texas

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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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423 Key Rd | Property Details | No Agent List