629 E Pacific St, Sherman, TX 75090

This 1 bedroom / 1 bathroom property makes sense for any rental investor, even in today's changing real estate market. A perfect location for a quiet rural feel & urban convenience. An amazing fixer-upper opportunity!

Property is Vacant, contact Dispo Manager for viewing options.

Deal Takeaways:

Walkable to Downtown Sherman

Conveniently located 5 min drive to any store & local business

A few blocks away from Austin College

Tight-knit & friendly community

Located amongst the natural beauty of numerous hiking trails and parks

Financials:

ARV: $135,000

Purchase Price: $33,000

Profit Details:

$135,000 ARV

(*) 94% for sale commissions

(-) $33,000 purchase price

(-) $50,000 rehab budget

(-) $5,000 closing / holding cost

(=) $38,900 profit

Rental Profit Details:

$1,100 monthly market rent

(-) $43 monthly tax

(-) $159 monthly insurance

(-) $110 property management

(-) $110 allocation for repairs, vacancy, etc

(=) $678 net monthly cash flow

Property Details:

1948 Year Build

923 Home Square Feet

7,000 Square Feet Lot Size