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$185,000

NAL Estimated Property Value

909 N Cleveland Ave, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,286 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$124.42 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher
FlooringCarpet, Tile, Vinyl

Exterior

Lot Size12,001 sqft

Building Information

Year Built1940
Roof Type109
Garage Spaces3

Land Information

APNS031 2055025
SubdivisionCollege Park Addn
Land UseResidential
Legal DescriptionCOLLEGE PARK ADDN, BLOCK 4, LOT N 1/2 OF 4, .2755 AC, ACRES .2755 .2755 AC
Census Tract001400
Assessed Land Value$67,920
Assessed Improvement Value$62,585
Assessment Year2025

About this property

This property offers a straightforward investment opportunity. Currently rented at $1,200 per month, (Month to Month Lease) the home comes with a tenant in place, providing immediate income. Conveniently located near downtown Sherman, this home offers proximity to local amenities and major highways. If you’re seeking an income-generating property with potential, this could be the one for you. Schedule a viewing today!

Investor Tools

Property Icon
$185,000
Estimated Property Value
$99,181Estimated Mortgage Balance
$85,819Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,002
$130,505
2025
$67,920
$62,585
$130,505
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,002
$130,505

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Global Home Finance Inc
Conventional
$108,000
No
First
Jan 24, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,181
$85,819
46%
54%
$648/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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