Sherman, TX 75090
$259,990List Price
$2,245 Est. Mo. Payment
For a given home price of $259,990, the monthly mortgage is computed using a 5% down payment ($12,999.5) and a 7.5% annual interest rate, spread over 360 payments.
4
2
1
1,561ft2

Tracy Thomson

EXP REALTY

, TX

Status

Available

Market MatchUP

How this home compares to similar 4 bedroom homes in Sherman
  • Price Comparison
    $172,330 lower
  • Home Size
    812 sq. ft. smaller
  • Built in 1958
    Older than 82% of homes in Sherman
  • Sherman Snapshot
    473 active listings
    32% have 4 bedrooms
    • Typical 4 bedroom size: 2373 sq. ft.
    • Typical 4 bedroom price: $432,319

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) Outbuilding 248 sf. 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, 2026 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. Motivated 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
469-714-2100
EXP REALTY

Map

High School
Sherman
Elementary School
Dillingham
High School District
Sherman ISD
Middle Or Junior School
Sherman
This expanded setting will include additional fields to closer define your loan needs and payment amount.
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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

  • Electric Oven
  • Washer
  • Disposal
  • Microwave
  • Ice Maker
  • Refrigerator
  • Dryer
  • Electric Cooktop

Highlights

Interior Features

  • Open Floorplan
  • Built-in Features
  • Eat-in Kitchen
  • Walk-In Closet(s)

Roof

  • Composition

Sewer

  • Public Sewer

Levels

  • One

Cooling

  • Wall Unit(s)
  • Wall/Window Unit(s)
  • Central Air
  • Electric

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

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

Exterior Features

  • Storage
  • Private Yard

Patio And Porch Features

  • Front Porch
  • Side Porch
  • Rear Porch
  • Covered
Virtual Tour
Validating link...

Flooring

  • Luxury Vinyl Plank
  • Tile
Year Built
1958

Foundation Details

  • Pillar/Post/Pier

Architectural Style

  • Traditional
  • Craftsman
  • Detached

Construction Materials

  • Wood Siding
  • Fiber Cement

Heating

  • Electric
  • Central
Heating

Utilities

  • Sewer Available
  • Water Available
  • Electricity Available