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$403,062

NAL Estimated Property Value

918 Cormorant Dr, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,623 Sq Ft
price_per_sqft$123.9 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,591 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN155 7282009
Lot Number2
SubdivisionThe Preserve Phase 1
Land UseResidential
Legal DescriptionPRESERVE PHASE 1, BLOCK 8, LOT 2, ACRES 0.1513
Census Tract001101
Assessed Land Value$47,453
Assessed Improvement Value$370,662
Assessment Year2025

About this property

Welcome home to this spacious, open-concept floor plan featuring four bedrooms and three and one-half bathrooms. Downstairs amenities include hard-surface flooring throughout the living area, a fireplace, and a large guest room with an ensuite bathroom. Beautiful kitchen with granite countertops, ample cabinetry and black appliances. The upstairs level includes a second living area, two additional bedrooms, and a huge primary bedroom with a sitting area. Primary bath includes double vanities, a separate tub and shower, and separate closets. Great natural lighting throughout the home! Large, fenced backyard with a covered patio. Conveniently located in Southwest Sherman with quick access to Hwy 1417 and Hwy 75.

Investor Tools

Property Icon
$403,062
Estimated Property Value
$273,383Estimated Mortgage Balance
$129,679Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,418 /month
Positive
Cash Flow Estimate:
$806 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$683/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,183
$403,062
2025
$47,453
$370,662
$418,115
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,183
$403,062

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Va
$284,579
Yes
First
Nov 16, 2021
Dec 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$273,383
$129,679
32%
68%
$1,793/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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918 Cormorant Dr | Property Details | No Agent List