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$246,000

NAL Estimated Property Value

5505 W 6th St, Sheridan, TX, 77475

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
price_per_sqft$172.7 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesRefrigerator Included, Electric Oven, Freestanding Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher
FlooringVinyl, Vinyl Plank

Exterior

Exterior FeaturesSide Yard
Lot Size30,000 sqft

Land Information

APN1338007400700
Lot Number7-10
Land UseResidential
Legal DescriptionBLK 74 LT 7-10 SHERIDAN
Census Tract750300
Assessed Land Value$60,000
Assessment Year2025

About this property

Wow, wow, and wow! This oh so beautifully pristine 2022 manufactured home sits on a large 0.69 acre lot with Sheridan water and sewer. Open kitchen, dining, and living room make for a roomy gathering area. The split bedroom floorplan adds additional privacy for residents. Enjoy your huge back yard under the shady Oak trees. This home sits on 3 city lots so it could be a possible to re-plat into 3 lots and add more homes for sale, lease, or Air BnB. Incorporate the adjoining front lot for a possible 3 more lots. Purchase both lots for a possible hotel site being only about 1/2 a mile from the Splashway Water Park. *** Sales price does not include furnishings but all is for sale *** Stove and fridge stay with sale. This is a great and unique opportunity. Don't miss out.

Investor Tools

Property Icon
$246,000
Estimated Property Value
$0Estimated Mortgage Balance
$246,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,476 /month
Positive
Cash Flow Estimate:
$492 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$382
$60,000
2025
$60,000
N/A
$60,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$382
$60,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$246,000
100%
0%
$0/mo

City: Sheridan