Sherman, TX 75090
$259,990List Price
$2,245 Est. Mo. Payment
4
2
1
1,561ft2

Status

Available

Market MatchUP

How this home compares to similar 4 bedroom homes in Sherman
  • Price Comparison
    $180,772 lower
  • Home Size
    804 sq. ft. smaller
  • Built in 1958
    Older 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

20945466

Listed By

Tracy Thomson
888-519-7431
eXp Realty LLC

Map

Min zoom level reached
High School
Sherman
Elementary School
Dillingham
High School District
Sherman ISD
Middle Or Junior School
Sherman
$
$
%

Estimated Monthly Payment

$2,245

Loan Amount

$246,991

This 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

Bathrooms Full
2

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
Garage Spaces
1
Lot Size Acres
0.138
Parcel Number
160831

Pool Features

  • None
Property Type
Residential
Stories Total
1
Covered Spaces
1

Window Features

  • Window Coverings

Parking Features

  • Concrete
  • Off Street
  • Driveway
  • Direct Access
  • Additional Parking
Property Sub Type
Single Family Residence
Attached Garage

Exterior Features

  • Private Yard
  • Storage

Patio And Porch Features

  • Front Porch
  • Rear Porch
  • Covered
  • Side Porch
Virtual Tour

Flooring

  • Luxury Vinyl Plank
  • Tile
Year Built
1958

Foundation Details

  • Pillar/Post/Pier

Architectural Style

  • Detached
  • Craftsman
  • Traditional

Construction Materials

  • Fiber Cement
  • Wood Siding

Heating

  • Electric
  • Central
Heating

Utilities

  • Sewer Available
  • Water Available
  • Electricity Available
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