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$1,350,000

992 Bennett Rd, Howe, TX, 75459

On MarketInfo
Baths1,753 Sq Ft
RanchRanch
Year BuiltBuilt in 1970

Highlights

Interior

Garage AvailableGarage Available

Exterior

Lot Size10.00 acres

Building Information

Year Built1970
Garage Spaces4

Land Information

APN204 0774017
SubdivisionMcdaniel Jeremiah A-G0774
Land UseResidential
Legal DescriptionG-0774 MCDANIEL JEREMIAH A-G0774, ACRES 9.996
Census Tract001801
Assessment Year2025

About this property

Prime Development Opportunity Near Sherman, in Grayson County Texas! Unlock the potential of this strategically located investment property just minutes from Sherman’s booming growth corridor. Featuring 1,900 feet of road frontage on two sides, this versatile land is ready to be developed with electricity, public water, and septic already on site. Located just 3 miles from Texas Instruments and Highway 75, and only 2 miles from Highway 11, this property offers great accessibility. It’s also a short 8-mile drive to downtown Sherman, 14 miles to Highway 82, and 20 miles to downtown Denison, making it an ideal location for residential, commercial, or mixed-use development. Enjoy the natural beauty of rolling hills with stunning views, a ½-acre pond, and partially AG-exempt status for tax advantages. Additionally, an extra 3.5 contiguous acres are available on Schneider Rd. Property currently offers 2 single story homes with attached garages, 2,750 sq ft show cattle barn with wash rack, attached livestock corrals and equipment storage. With expanding infrastructure and rapid commercial and residential growth in the Sherman area, this property presents an incredible opportunity for investors and developers alike. Don’t miss out—schedule your viewing today!

Investor Tools

$623,498Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,100 /month
Positive
Cash Flow Estimate:
$2,700 /month

Interested in this property?

Corey Baumann

Whitetail Properties Real Estate

ContactContact

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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
$490
$621,567
2025
N/A
N/A
$642,630
No

Tax History

Year
Tax Paid
Assessed Value
2024
$490
$621,567

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Finance Of America Reverse Llc
Reverse Mortgage / Hecm
$660,000
No
First
Aug 26, 2022
Mar 2081

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$623,498
N/A
0%
100%
$3,715/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: Howe

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992 Bennett Rd | Property Details | No Agent List