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$150,000

724 S Elm St, Sherman, TX, 75090

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths936 Sq Ft
DuplexDuplex
price_per_sqft$125 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Range, Gas Water Heater
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Exterior FeaturesStorage
Lot Size11,935 sqft

Building Information

Year Built1930

Land Information

APNS041 2018016
SubdivisionBlain S/D
Land UseResidential
Legal DescriptionBLAIN S/D, BLOCK PT 1, ACRES .274
Census Tract001700
Assessed Land Value$80,684
Assessed Improvement Value$20,636
Assessment Year2025

About this property

Affordable Investment Property or is perfect for multiple family members to live close to each other or live in one side and lease the other side. Each unit has one Bedroom, one full Bath, Living Room, Kitchen with Dining, washer and dryer hook ups. There have been Electrical updates, some water lines and gas lines have been updated. The full bathroom in Apt A was updated recently with a Walk in Tub with Grab Bars. The full bathroom in apt B has also been recently updated with a step in shower. Property does need some TLC. Large backyard offers Storage Building, partial fenced. Wonderful large front porch is shaded by a mature, beautiful, tall shade tree. The property does not have individual utility meters. Property is close to downtown Sherman, just off Highway 75. Convenient to shopping, restaurants, churches, schools and more. To be sold As Is. A MUST SEE TODAY!

Investor Tools

Property Icon
$117,000
Estimated Property Value
$154,000Estimated Mortgage Balance
$0Estimated Equity
-32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$900 /month
Positive
Cash Flow Estimate:
$300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$300/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,016
$101,320
2025
$80,684
$20,636
$101,320
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,016
$101,320

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Beeline Loans Inc
Conventional
$154,000
No
First
May 6, 2025
Jun 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$151,289
N/A
0%
129%
$924/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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724 S Elm St | Property Details | No Agent List