Status
Market MatchUP
How this home compares to similar 4 bedroom homes in Sherman- Price Comparison$180,772 lower
- Home Size804 sq. ft. smaller
- Built in 1958Older than 82% of homes in Sherman
- Sherman Snapshot• 440 active listings• 32% have 4 bedrooms• Typical 4 bedroom size: 2365 sq. ft.• Typical 4 bedroom price: $440,761
Description
Investor Alert! Fully Renovated Rental Property with Strong Lease in Place Welcome to 1917 E Mulberry St, Sherman, Texas—a high-performing turnkey investment with major capital improvements already taken care of and a reliable tenant in place. This 4-bedroom, 2-bath home blends classic charm with modern updates and offers solid cash flow from day one. ?? Big-Ticket Updates Already Completed: New Gutters (November 2023) New HVAC (June 2022) New Hardy Siding (2023) New Roof (May 2022) Custom Cedar Garage Door New Waterproof Luzury Vinyl Plank (LVP) New Windows (May 2022) New Electrical Panel - Meter Base - Complete Wiring. (May 2022) Custom Kitchen Cabinets & Quartz Countertops New Milwork: Doors - Base Trim - Window Trim Custom tiled shower & Floor Fully Updated Bathrooms - Showers - toilets - Vanities - Hardware - and Accessories ?? Investor Highlights: Current monthly rent: $1995 Lease through: February 28, 2027 (That’s nearly two full years of passive income already locked in) Annual gross rent: $23,940 Estimated ROI: 8–10% depending on purchase price and financing—ask for a breakdown! Inside, tenants enjoy an open-concept layout with abundant natural light, a fully updated kitchen featuring granite countertops, stainless appliances, and sleek cabinetry. The master suite offers a private bathroom with contemporary finishes, and the three additional bedrooms provide flexibility for families or roommates. ??? With all major systems recently updated, this property offers a low-maintenance investment in a high-demand rental area. ?? Located in a friendly Sherman neighborhood near schools, parks, and commuter routes—keeping tenant retention strong. ?? Seller is willing to offer concessions to help with closing costs or rate buy-down. Whether you're expanding your portfolio or entering the investment game, this property checks all the boxes: long-term lease, updated infrastructure, and positive cash flow potential.
MLS Listing ID
Listed By
888-519-7431
eXp Realty LLC
Map
Estimated Monthly Payment
$2,245Loan Amount
$246,991This calculator is illustrative, but your unique situation will best be served by seeking out a purchase budget pre-approval from a reputable mortgage provider. Start My Mortgage Application can provide you an approval within 48hrs.
Home Facts
Bathroom
Kitchen
Appliances
- Microwave
- Washer
- Refrigerator
- Disposal
- Ice Maker
- Dryer
- Electric Oven
- Electric Cooktop
Highlights
Interior Features
- Eat-in Kitchen
- Built-in Features
- Open Floorplan
- Walk-In Closet(s)
Roof
- Composition
Sewer
- Public Sewer
Levels
- One
Cooling
- Electric
- Central Air
- Wall Unit(s)
- Wall/Window Unit(s)
Fencing
- Wood
Pool Features
- None
Window Features
- Window Coverings
Parking Features
- Concrete
- Off Street
- Driveway
- Direct Access
- Additional Parking
Exterior Features
- Private Yard
- Storage
Patio And Porch Features
- Front Porch
- Rear Porch
- Covered
- Side Porch
Flooring
- Luxury Vinyl Plank
- Tile
Foundation Details
- Pillar/Post/Pier
Architectural Style
- Detached
- Craftsman
- Traditional
Construction Materials
- Fiber Cement
- Wood Siding
Heating
- Electric
- Central
Utilities
- Sewer Available
- Water Available
- Electricity Available