1115 S Hazelwood St · Sherman, TX
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 6/10 · Moderate
- Est. fire insurance / yr
- $1,222 – $2,270
Heat risk 6/10 · Moderate
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 22 days/yr
Wind risk 4/10 · Minor
- Chance of severe wind over 30 yrs
- 23.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +13.5/30.0
- ARV discount +11.4/15.0
- 1% rule +4.6/10.0
- DSCR +4.1/10.0
- Livability +3.1/5.0
- Schools +2.9/10.0
- Condition / age +2.5/5.0
- Rent growth +1.8/5.0
- Appreciation +0.0/10.0
$190,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Spacious and versatile home that was originally a duplex and has been thoughtfully converted into a single-family residence, making it one of the largest homes on the street. This property offers 4 bedrooms and 2 separate living areas, providing plenty of space for family living, entertaining, or a home office setup. Enjoy abundant parking with a detached garage plus additional parking behind the home—perfect for multiple vehicles, guests, or recreational equipment. The updated bathroom creates a spa-like experience featuring mood lighting, a built-in Bluetooth speaker, a rainfall showerhead, and a relaxing soaker tub. This home being sold as is, is located in a welcoming, family-friendly neighborhood, this home offers space, comfort, and convenience—making it an excellent opportunity for first-time buyers or anyone looking for room to grow.
Key facts
- Rainfall showerhead
- Soaker tub
- Updated bathroom
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 4-bed/2.0-bath single-family listed at $190k.
Deal economics
- At list price, monthly cash flow is $6 ($67/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (3.8% below list).
- Recommended offer: $173k (9.0% below list) — sets the bar for market timing.
- Cap rate 6.3% vs local median 3.7% in Sherman — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 61/100 on livability (#1,027 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
- Sherman ISD (urban): math 31% / reading 37% proficiency, ranked #546 of 826 in TX (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Crutchfield El (math 27% / reading 22%, grade F, #3,052 of 4,322 statewide, top 74%, 408 students, 89% FRL); Piner Middle (math 31% / reading 41%, grade F, #805 of 1,662 statewide, top 50%, 818 students, 75% FRL); Sherman H S (math 28% / reading 44%, grade F, #930 of 1,632 statewide, top 57%, 2,155 students, 70% FRL) — zoned schools average 78% FRL vs 60% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents soft (-2.7%/yr); 479 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,272 units permitted in Grayson County in 2024 (750 in 5+ unit buildings).
- This rent runs 39% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
- Grayson County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 101 days — a 9% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
Risks & watch-outs
- Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 0.96% ✗
- Cap rate
- 6.33%
- Cash-on-cash
- 0.13%
- DSCR
- 1.01
- GRM
- 8.7
CMA / ARV
- ARV (median comp)
- $207,782
- List price
- $190,000
- Delta
- -8.56%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1120 E Wells Ave | 0.33mi | 4/2.0 | 1,956 (-5%) | 2mo | $179,000 | $92 | 74 |
| 1116 S Idlewild Dr | 0.55mi | 3/2.0 (-1) | 1,990 (-3%) | 6mo | $229,900 | $116 | 59 |
| 1311 E Odneal St | 0.36mi | 4/3.0 | 1,871 (-9%) | 6mo | $179,900 | $96 | 59 |
| 704 E Olive St | 0.43mi | 3/2.5 (-1) | 1,946 (-5%) | 11mo | $270,000 | $139 | 55 |
| 1024 S Idlewild Dr | 0.69mi | 4/2.0 | 2,049 (-0%) | 17mo | $365,000 | $178 | 53 |
| 1109 E Lamar St | 0.70mi | 4/2.0 | 1,830 (-11%) | 1mo | $240,000 | $131 | 48 |
| 1124 Patricia Dr | 0.57mi | 3/2.0 (-1) | 1,889 (-8%) | 11mo | $235,000 | $124 | 45 |
| 1312 S Travis St | 0.72mi | 3/2.5 (-1) | 2,162 (+5%) | 8mo | $290,000 | $134 | 44 |
| 1101 Patricia Dr | 0.64mi | 3/2.0 (-1) | 1,860 (-10%) | 9mo | $229,000 | $123 | 42 |
| 1035 S Idlewild St | 0.67mi | 4/2.0 | 1,955 (-5%) | 22mo | $229,000 | $117 | 42 |
| 616 S Vaden St | 0.36mi | 3/2.0 (-1) | 1,820 (-12%) | 22mo | $230,000 | $126 | 41 |
| 1031 Patricia Dr | 0.71mi | 3/2.0 (-1) | 1,793 (-13%) | 7mo | $268,900 | $150 | 34 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -19.8%
- Equity multiple
- 0.33×
- Total profit
- $-35,686
- Equity at exit
- $28,330
- IRR
- -21.9%
- Equity multiple
- 0.04×
- Total profit
- $-50,893
- Equity at exit
- $16,428
Cash invested: $53,200 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Texas
- 87 Strongly Landlord-Friendly · R+5
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 75090
- Home prices YoY
- -20.0%
- Rents YoY
- -2.7%
- Active inventory
- 479
- Price-to-rent
- 8.7×
Monthly cashflow live
- Estimated rent
- $1,828 high interval (Pro) →
- Mortgage (P&I)
- −$996
- Tax from tax record
- −$363 /mo · $4,353/yr
- Insurance
- −$79
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$384
- Net cashflow
- $6
Break-even live
Sensitivity live
| Price | -10% $113 | -5% $59 | +0% $6 | +5% $-48 | +10% $-102 |
|---|---|---|---|---|---|
| Rent | -10% $-139 | -5% $-67 | +0% $6 | +5% $78 | +10% $150 |
| Rate | -1.0pp $101 | -0.5pp $54 | base $6 | +0.5pp $-44 | +1.0pp $-94 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $47,500
- Closing costs
- $5,700
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 15 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 815 S Willow St Sherman, TX | 4.0 | 2.0 | 1670 | $1,495 | $0.90 | 45d | 1 | 0.18mi |
| 902 E Cherry St Sherman, TX | 3.0 | 1.0 | 1530 | $1,400 | $0.92 | 45d | 1 | 0.50mi |
| 1121 Patricia Dr Sherman, TX | 3.0 | 2.0 | 1472 | $1,450 | $0.99 | 23d | 1 | 0.61mi |
| 1201 E Lamar St Sherman, TX | 3.0 | 2.0 | 1726 | $1,995 | $1.16 | 45d | 1 | 0.67mi |
| 1610 Linda Dr Sherman, TX | 3.0 | 2.0 | 1500 | $1,714 | $1.14 | 23d | 1 | 0.77mi |
| 1509 Fairway Dr Sherman, TX | 3.0 | 2.0 | 1510 | $1,664 | $1.10 | 23d | 1 | 0.80mi |
| 813 S Valentine Dr Sherman, TX | 4.0 | 3.0 | 2142 | $2,195 | $1.02 | 23d | 1 | 0.89mi |
| 120 S Crockett St Sherman, TX | 3.0 | 2.0 | 3000 | $2,000 | $0.67 | 45d | 1 | 1.00mi |
| 120 S Crockett St Unit 201 Sherman, TX | 3.0 | 1.5 | 3000 | $2,000 | $0.67 | 45d | 1 | 1.00mi |
| 712 Ray St Sherman, TX | 4.0 | 2.5 | 2680 | $2,490 | $0.93 | 45d | 1 | 1.01mi |
| 2306 San Jacinto Way Sherman, TX | 3.0 | 2.0 | 1680 | $1,795 | $1.07 | 23d | 1 | 1.10mi |
| 514 E Brockett St Unit 514 Sherman, TX | 4.0 | 4.5 | 1800 | $1,800 | $1.00 | 45d | 1 | 1.16mi |
| 422 N Elliott St Sherman, TX | 3.0 | 2.5 | 1500 | $1,650 | $1.10 | 23d | 1 | 1.30mi |
| 815 N Travis St Sherman, TX | 3.0 | 2.0 | 1536 | $1,550 | $1.01 | 23d | 1 | 1.37mi |
| 913 N Brents Ave Sherman, TX | 3.0 | 2.5 | 1419 | $1,500 | $1.06 | 45d | 1 | 1.45mi |
Listing history 34 events
-
2026-06-21days on market $190,000 Active 101 DOM
-
2026-06-19days on market $190,000 Active 99 DOM
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2026-06-18days on market $190,000 Active 98 DOM
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2026-06-17days on market $190,000 Active 97 DOM
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2026-06-16days on market $190,000 Active 96 DOM
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2026-06-15days on market $190,000 Active 95 DOM
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2026-06-14days on market $190,000 Active 93 DOM
-
2026-06-13days on market $190,000 Active 92 DOM
-
2026-06-10days on market $190,000 Active 90 DOM
-
2026-06-09days on market $190,000 Active 89 DOM
-
2026-06-08days on market $190,000 Active 88 DOM
-
2026-06-07days on market $190,000 Active 87 DOM
-
2026-06-03days on market $190,000 Active 83 DOM
-
2026-06-02days on market $190,000 Active 82 DOM
-
2026-06-01days on market $190,000 Active 81 DOM
-
2026-05-31pricedays on market $190,000 Active 80 DOM
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2026-05-30days on market $193,000 Active 79 DOM
-
2026-04-02price $193,000 865-char remark
Show marketing remark (865 chars)
Spacious and versatile home that was originally a duplex and has been thoughtfully converted into a single-family residence, making it one of the largest homes on the street. This property offers 4 bedrooms and 2 separate living areas, providing plenty of space for family living, entertaining, or a home office setup. Enjoy abundant parking with a detached garage plus additional parking behind the home—perfect for multiple vehicles, guests, or recreational equipment. The updated bathroom creates a spa-like experience featuring mood lighting, a built-in Bluetooth speaker, a rainfall showerhead, and a relaxing soaker tub. This home being sold as is, is located in a welcoming, family-friendly neighborhood, this home offers space, comfort, and convenience—making it an excellent opportunity for first-time buyers or anyone looking for room to grow.
-
2026-03-13price $195,000 865-char remark
Show marketing remark (865 chars)
Spacious and versatile home that was originally a duplex and has been thoughtfully converted into a single-family residence, making it one of the largest homes on the street. This property offers 4 bedrooms and 2 separate living areas, providing plenty of space for family living, entertaining, or a home office setup. Enjoy abundant parking with a detached garage plus additional parking behind the home—perfect for multiple vehicles, guests, or recreational equipment. The updated bathroom creates a spa-like experience featuring mood lighting, a built-in Bluetooth speaker, a rainfall showerhead, and a relaxing soaker tub. This home being sold as is, is located in a welcoming, family-friendly neighborhood, this home offers space, comfort, and convenience—making it an excellent opportunity for first-time buyers or anyone looking for room to grow.
-
2026-03-12$197,000 Active 865-char remark
Show marketing remark (865 chars)
Spacious and versatile home that was originally a duplex and has been thoughtfully converted into a single-family residence, making it one of the largest homes on the street. This property offers 4 bedrooms and 2 separate living areas, providing plenty of space for family living, entertaining, or a home office setup. Enjoy abundant parking with a detached garage plus additional parking behind the home—perfect for multiple vehicles, guests, or recreational equipment. The updated bathroom creates a spa-like experience featuring mood lighting, a built-in Bluetooth speaker, a rainfall showerhead, and a relaxing soaker tub. This home being sold as is, is located in a welcoming, family-friendly neighborhood, this home offers space, comfort, and convenience—making it an excellent opportunity for first-time buyers or anyone looking for room to grow.
-
2023-04-25soldstatus Closed 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
-
2023-04-25soldstatus
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
-
2023-04-07status Pending 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
-
2023-03-31price $195,000 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
-
2023-03-31status Active 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
-
2023-02-16status Pending 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
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2023-02-10historical Active Option Contract 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
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2023-01-26$190,000 Active 816-char remark
Show marketing remark (816 chars)
BACK ON MARKET-NO FAULT TO SELLER! BUYER FINANCING FELL THROUGH RIGHT BEFORE CLOSING. BRAND NEW ROOF! Check out this duplex that was converted into a single family residence and is now one of the largest homes on the street. 2 living areas, lots of parking in the front and private covered parking in the back off the alley. Newer privacy fence creates the perfect area for kiddos and pets. Covered patio in the back for entertaining. Bathroom updated to include mood lighting with bluetooth speaker, rainfall shower, and soaker tub. Well maintained and would make a perfect starter home! Move in ready and priced to sell! Recent home inspection, repair and roof receipts, FHA appraisal, and title work completed for a FAST close! All information in this listing is deemed reliable. Buyer and buyers agent to verify.
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2017-10-05soldstatus
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2017-10-04soldstatus Sold
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2017-09-05status Pending
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2017-08-23historical Active Option Contract
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2017-08-09$129,000 Active
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1997-09-18soldstatus
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast TX · Resets to sale price
- Current annual tax
- $4,353 · $363/mo
- Projected year-2 tax
- $4,353 · $363/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 6/10 Major
- Heat 6/10 Major 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
- Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,932
- − Mortgage interest
- −$10,643
- − Property taxes
- −$4,353
- − Insurance
- −$950
- − Repairs & maintenance
- −$1,755
- − Management
- −$1,755
- − Depreciation
- −$5,527
- Taxable loss
- −$3,050
- Est. tax savings @ 24.0%
- +$732
- After-tax cash flow
- $799/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Sherman ISD
- NCES district ID
- 4840080
- Math proficiency
- 31% ▼ -9.00%
- Reading proficiency
- 37% ▼ -2.00%
- Median HH income
- $42,587
- Composite
- 28.79/100
- National rank
- #6665
- State rank
- #546 of 826 in TX
Livability — Sherman
- Score
- 61/100
- State rank
- #1027
- US rank
- #18243
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Sherman, TX
- County
- Grayson County · 108,053 people
- City population
- 54,936
- Metro
- Sherman-Denison, TX
- Population (ZIP)
- 26,594
- Household income
- $55,543
- Rent vs Own
- Severe rent burden
- 840.0
Population outlook (Grayson County) Hauer SSP2
- Today (2025)
- 134,540 people
- By 2030
- 138,653 · +3.1%
- By 2040
- 145,958 · +8.5%
- By 2050
- 151,218 · +12.4%
- By 2075
- 161,802 · +20.3%
- By 2100
- 159,036 · +18.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- White 49% Hispanic / Latino 32% Two or more races 17% Black 11%
- Hispanic origin (detail)
- Mexican 26%
- Common ancestry
- Slovak 2% Romanian 2% Lithuanian 1%
- Foreign-born
- 15% · Canada
- Languages at home
- 73% English-only · Spanish 24% German/W. Germanic 1% Other Indo-European 1%
Political lean MEDSL · Grayson
- 2024 margin
- Solid R (+54.3) · D 22.5% · R 76.7%
- 2008→2024 swing
- -16.4pp toward R · 2008: -37.9pp · 2024: -54.3pp
- All cycles
- 2024: R+54.3 2020: R+49.9 2016: R+53.1 2012: R+48.0 2008: R+37.9
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -69.00%
- Current HPI
- 276.5739
- Rent YoY
- ▼ -2.70%
- Metro
- Sherman-Denison, TX
- State GDP YoY
- ▲ 3.95%
- F500 in state
- 110
Industry mix (Fortune 500 HQ in TX)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Energy | 16 | $1,198B |
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| Technology | 5 | $198B |
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| Engineering / Construction | 4 | $72B |
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| Energy Services | 3 | $60B |
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| Utilities | 3 | $41B |
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| Healthcare | 2 | $330B |
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Price history
+49.6% since first listed17 events — show timeline
- 2026-04-02 Price Changed $193,000 NTREIS
- 2026-03-13 Price Changed $195,000 NTREIS
- 2026-03-12 Listed $197,000 NTREIS
- 2023-04-25 Sold (Public Records) — Public Records
- 2023-04-25 Sold (MLS) — NTREIS
- 2023-04-07 Pending — NTREIS
- 2023-03-31 Price Changed $195,000 NTREIS
- 2023-03-31 Relisted — NTREIS
- 2023-02-16 Pending — NTREIS
- 2023-02-10 Contingent — NTREIS
- 2023-01-26 Listed $190,000 NTREIS
- 2017-10-05 Sold (Public Records) — Public Records
- 2017-10-04 Sold (MLS) — NTREIS
- 2017-09-05 Pending — NTREIS
- 2017-08-23 Contingent — NTREIS
- 2017-08-09 Listed $129,000 NTREIS
- 1997-09-18 Sold (Public Records) — Public Records
Property tax history
+8.2%/yrLatest (2025): $4,353 · +2.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…