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$322,231

709 Ray St, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,022 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.04 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal
FlooringCarpet

Exterior

Lot Size8,712 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APNS044 2721018
Lot Number5
SubdivisionCopley Addn Phase Two Replat Pt Blk 5 Al
Land UseResidential
Legal DescriptionCOPLEY ADDN PHASE TWO REPLAT PT BLK 5 ALL OF 6 & 7 PT OF 8, BLOCK 2, LOT 5, ACRES .2
Census Tract001500
Assessed Land Value$59,677
Assessed Improvement Value$262,554
Assessment Year2025

About this property

Lightly lived in for 3 months, the current tenants have been transferred out of the city. Hoping to find that perfect to tenant to care for this super cute home laid out with the smaller bedroom in the front, two bigger bedrooms in the middle of the home and the master bedroom suite is in the back of the house. The Kitchen, dining, living rooms are all open concept with beautiful white countertops and walk-in food pantry. Anything, color or style, can go with this home. The little bonus room going into the garage, is great for storing shoes and coats. It is sort of like a giant coat closet. Did I say pantry? Let me know what you think about the food pantry in the kitchen and the big linen closet in a secondary bathroom. The backyard is perfect. Hawn Park and Fairview park both have waterpark activities for the kiddos with Hawn Park being the closet to the property. Great property, Great City, Great Landlords. You can be the Great Tenants the landlord is looking for. See documents.

Investor Tools

Property Icon
$322,231
Estimated Property Value
$251,419Estimated Mortgage Balance
$87,530Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,933 /month
Positive
Cash Flow Estimate:
$644 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$742/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,291
$322,231
2025
$59,677
$262,554
$322,231
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,291
$322,231

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$251,419
No
First
Oct 14, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,701
$87,530
27%
73%
$1,508/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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709 Ray St | Property Details | No Agent List