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Sherman, TX

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Sherman, TX

$271,750 · SHERMAN, TX 75092
Flippers would lose money · Landlords would lose money

Available

$271,750Asking price

4 bd · 2 ba · 2,105 sq ft · built 1966

SHERMAN, TX 75092

No contract on file

via InvestorLift Classic

Listed Nov 4

Flippers would lose money

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $300,000
Asking price: −$271,750
RepairsMiddle of our estimate, $0 – $19,500: −$9,750
Loan, holding, closing20% down, 12% interest, 2 points, 64 days: −$26,075
Profit−2.5% of ARV · flippers want 10%+: −$7,575
Loses money

Works for a flipper at $236,000 or less.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Comps

Sales

Rents

ARV $300,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $244,000.

The sales behind this value are shown to members.

ARV $300,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

NEXKEY COLLECTIVE

NexKey Collective Deals - Kristie DeLouise

No reviews yet

Seller Description

Property Details:

Address: 1413 Blanton Pl, Sherman, TX 75092

Bed/Bath: 4 Bed / 2 Bath

Square Footage: 1,705 sqft

Year Built: 1966

HOA Restrictions: No HOA

Multi-Unit: No

Features + Amenities:

Furnished: No

Pool: No

Tenant Occupied: N/A

Monthly Rent: N/A

Est. Repairs:N/A

Financing Details:

Entry Fee (9.03%): $25,000 + CC + TC

Purchase Price: $276,750

Seller Finance Terms

Seller Finance Amount: $251,750

Monthly Payment: $1,351.45

Rate: 5%

Balloon: 5 years

Monthly Payments:

Seller Finance: $1,351.45

Est. Taxes: $520.00

Est. Insurance: $175.00

Total Monthly: $2,221.45

Exit Scenarios:

Est. Average LTR: $1,645

Est. Average STR: $2,917

Additional Details:

The first installment of $1,351.45 is due January 1, 2027
PI: $1,351.34 - first installment: principal $302.49, interest $1,048.96
T& I are paid to Grayson County directly, estimated at $520 and $175 per month respectively
Fully remodeled per listing: new kitchen, appliances, cabinets, granite, gas fireplace, new windows, added insulation
Lot Size: 8,756 sqft (0.201-acre lot)
Rental Income: $2,000
Cashflow: +$648.55 (gross rental income $2,000 less monthly payment $1,351.45)