Compass Plan · Sherman, TX 75090

$249,990

3 bd · 2.0 ba · 1,400 sqft · SingleFamily · 328 Days on market

Good condition ↓ 6% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.8/30.0
• Condition / age +4.0/5.0
• Schools +3.8/10.0
• Livability +3.1/5.0
• Rent growth +1.8/5.0
• 1% rule +1.2/10.0
• DSCR +0.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Designed for comfort, the single-story Compass offers a smart, streamlined layout that feels both spacious and thoughtfully connected. From the inviting front porch to the bright, open living areas, this home is made for the way you live today. At the heart of the home, the spacious kitchen flows seamlessly into the casual dining area and great room, creating a natural gathering space for everyday moments and special occasions alike. The private primary suite is tucked at the rear of the home, offering a relaxing retreat with a generously sized bedroom, well-appointed bath, and a large closet for easy organization. Two additional bedrooms are centrally located, sharing a full bath and offering comfort and convenience for family members, guests, or your favorite hobbies. Just off the foyer, a dedicated laundry room adds function to your daily routine and a generously sized pantry in the kitchen offers storage and convenience. With its efficient layout, modern flow, and inviting spaces, the Compass is ideal for those who want a home that lives large without feeling overwhelming. Whether you're just beginning your journey or looking to simplify without compromise, the Compass offers the perfect place to settle in, feel grounded, and move confidently toward what's next.

Key facts

• Well-appointed bath
• Inviting front porch
• Spacious kitchen

Tags

• INVITING FRONT PORCH
• SPACIOUS KITCHEN
• CASUAL DINING AREA
• GREAT ROOM
• PRIVATE PRIMARY SUITE
• WELL-APPOINTED BATH

🏗️ New construction. The $249,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $315,190.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-625 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (10.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (21.4% below list).
• Recommended offer: $197k (21.4% below list) — sets the bar for 1% rule.

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: Henry W Sory El (math 35% / reading 43%, grade F, #1,651 of 4,322 statewide, top 39%, 548 students, 69% 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).
• Market conditions: Rents soft (-2.7%/yr); 673 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 42% 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 $2k of loan paydown is wiped out by about $9k 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 328 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,551 (21.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 328 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.62% ✗
• Cap rate: 3.91%
• Cash-on-cash: -8.50%
• DSCR: 0.62
• GRM: 13.4

CMA / ARV

• ARV (median comp): $315,190
• List price: $249,990
• Delta: -20.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3231 Catamount Dr	0.18mi	3/2.0	1,334 (-5%)	3mo	$252,490	$189	81
3821 Ontario Way	0.54mi	3/2.0	1,402 (+0%)	2mo	$213,999	$153	73
3910 Ontario Way	0.51mi	3/2.0	1,411 (+1%)	3mo	$216,359	$153	72
3814 Superior Pl	0.56mi	3/2.0	1,402 (+0%)	3mo	$208,999	$149	71
3916 Superior Pl	0.57mi	3/2.0	1,411 (+1%)	2mo	$220,999	$157	71
3915 Ontario Way	0.54mi	3/2.0	1,411 (+1%)	3mo	$211,999	$150	71
3923 Ontario Way	0.55mi	3/2.0	1,411 (+1%)	3mo	$211,999	$150	71
3606 S Dakota Dr	0.47mi	4/1.5 (+1)	1,424 (+2%)	3mo	$200,000	$140	66
3107 Arkansas Cir	0.54mi	3/2.0	1,262 (-10%)	3mo	$175,000	$139	56
3807 Superior Pl	0.59mi	3/2.0	1,266 (-10%)	1mo	$205,999	$163	56
3922 Ontario Way	0.52mi	4/2.0 (+1)	1,600 (+14%)	2mo	$222,999	$139	45
3917 Superior Pl	0.59mi	4/2.0 (+1)	1,600 (+14%)	1mo	$233,999	$146	43

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

5-year hold

• IRR: -34.6%
• Equity multiple: -0.10×
• Total profit: $-96,640
• Equity at exit: $46,996

10-year hold

• IRR: -67.5%
• Equity multiple: -0.79×
• Total profit: $-157,588
• Equity at exit: $27,252

Cash invested: $88,253 (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

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 48 active · 32 under contract
• Months of supply: 9.6 mo (10%/mo absorbed)
• Median asking: $251,744 ($174/sqft)
• Median days on market: 71 d
• This list price: 48% of active listings are priced below it
• ARV vs active asking: +29.7% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 75090

• Home prices YoY: -20.0%
• Rents YoY: -2.7%
• Active inventory: 673
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,966 high
• Mortgage (P&I): −$1,653
• Tax est. 1.5%: −$394 /mo · $4,728/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $-625

Break-even live

Break-even rent $2,757

Max offer price $224,686

Occupancy floor —

Sensitivity live

Price	-10% $-408	-5% $-517	+0% $-625	+5% $-734	+10% $-843
Rent	-10% $-781	-5% $-703	+0% $-625	+5% $-548	+10% $-470
Rate	-1.0pp $-467	-0.5pp $-545	base $-625	+0.5pp $-707	+1.0pp $-790

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: $78,798
• Closing costs: $9,456
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1127 Mesa St Sherman, TX	3.0	2.5	1736	$2,250	$1.30	116d	1	0.08mi
1108 El Sol Blvd Sherman, TX	3.0	2.0	1717	$1,999	$1.16	139d	1	0.12mi
3730 Malibu Dr Sherman, TX	3.0	2.5	1672	$2,300	$1.38	116d	1	0.12mi
1205 Morgan Dr Sherman, TX	3.0	2.5	1775	$1,850	$1.04	116d	1	0.13mi
3717 Malibu Dr Sherman, TX	3.0	2.5	1794	$1,900	$1.06	116d	1	0.15mi
3740 Paradise Way Sherman, TX	3.0	2.5	1755	$1,750	$1.00	116d	1	0.15mi
3740 Paradise Way Sherman, TX	3.0	2.5	1755	$1,899	$1.08	139d	1	0.15mi
3716 Paradise Way Sherman, TX	3.0	3.0	1756	$2,200	$1.25	4d	1	0.17mi
3716 Paradise Way Sherman, TX	3.0	2.5	1756	$1,900	$1.08	139d	1	0.17mi
3825 Cherry Hills Dr Sherman, TX	3.0	2.0	1585	$2,100	$1.32	139d	1	0.18mi
3813 Cherry Hills Dr Sherman, TX	3.0	2.0	1813	$1,850	$1.02	0d	1	0.19mi
3902 Talisker Blvd Sherman, TX	3.0	2.0	1740	$2,100	$1.21	116d	1	0.21mi
1249 Newport St Sherman, TX	3.0	2.0	1618	$2,200	$1.36	4d	1	0.27mi
309 Iowa St Sherman, TX	4.0	2.0	1465	$1,695	$1.16	4d	1	0.41mi
302 Kansas St Sherman, TX	4.0	1.5	1446	$1,750	$1.21	4d	1	0.45mi
301 Kansas St Sherman, TX	4.0	2.5	1431	$1,750	$1.22	4d	1	0.47mi
3807 Pontchartrain Pkwy Sherman, TX	3.0	2.0	1411	$1,650	$1.17	0d	1	0.48mi
1601 FM1417 Sherman, TX	3.0	2.0	1184	$1,269	$1.07	0d	1	0.49mi
3914 Ontario Way Sherman, TX	4.0	2.0	1617	$1,695	$1.05	116d	1	0.51mi
3809 Ontario Way Sherman, TX	3.0	2.0	1402	$1,650	$1.18	116d	1	0.53mi
3907 Ontario Way Sherman, TX	4.0	2.0	1600	$3,450	$2.16	0d	1	0.54mi
3904 Superior Pl Sherman, TX	3.0	2.0	1411	$1,620	$1.15	2d	1	0.56mi
2700 S Travis St Sherman, TX	1.0–2.0	1.0–2.0	882	$950	$1.08	0d	1	1.00mi
2306 San Jacinto Way Sherman, TX	3.0	2.0	1680	$1,795	$1.07	116d	1	1.29mi
2304 Alamo Rd Sherman, TX	3.0	2.0	1650	$1,850	$1.12	0d	1	1.31mi
2210 Alamo Rd Sherman, TX	3.0	2.0	1302	$1,799	$1.38	4d	1	1.34mi
2017 S Branch St Sherman, TX	3.0	2.0	1341	$1,700	$1.27	139d	1	1.46mi

Listing history 50 events

1. 2026-09-24
   days on market $249,990 Active 328 DOM
2. 2026-09-22
   days on market $249,990 Active 327 DOM
3. 2026-09-21
   days on market $249,990 Active 326 DOM
4. 2026-09-20
   days on market $249,990 Active 325 DOM
5. 2026-09-18
   days on market $249,990 Active 323 DOM
6. 2026-09-17
   days on market $249,990 Active 322 DOM
7. 2026-09-16
   days on market $249,990 Active 321 DOM
8. 2026-09-15
   days on market $249,990 Active 320 DOM
9. 2026-09-14
   days on market $249,990 Active 319 DOM
10. 2026-09-13
    days on market $249,990 Active 318 DOM
11. 2026-09-12
    days on market $249,990 Active 317 DOM
12. 2026-09-11
    days on market $249,990 Active 316 DOM
13. 2026-09-05
    days on market $249,990 Active 310 DOM
14. 2026-09-04
    days on market $249,990 Active 309 DOM
15. 2026-09-03
    days on market $249,990 Active 308 DOM
16. 2026-08-31
    days on market $249,990 Active 305 DOM
17. 2026-08-30
    days on market $249,990 Active 304 DOM
18. 2026-08-29
    days on market $249,990 Active 303 DOM
19. 2026-08-28
    days on market $249,990 Active 302 DOM
20. 2026-08-27
    days on market $249,990 Active 301 DOM
21. 2026-08-26
    days on market $249,990 Active 300 DOM
22. 2026-08-25
    days on market $249,990 Active 299 DOM
23. 2026-08-24
    days on market $249,990 Active 298 DOM
24. 2026-08-23
    days on market $249,990 Active 297 DOM
25. 2026-08-22
    days on market $249,990 Active 296 DOM
26. 2026-08-21
    days on market $249,990 Active 295 DOM
27. 2026-08-20
    days on market $249,990 Active 294 DOM
28. 2026-08-19
    days on market $249,990 Active 293 DOM
29. 2026-08-18
    days on market $249,990 Active 292 DOM
30. 2026-08-17
    days on market $249,990 Active 291 DOM
31. 2026-08-16
    days on market $249,990 Active 290 DOM
32. 2026-08-15
    days on market $249,990 Active 289 DOM
33. 2026-08-14
    days on market $249,990 Active 288 DOM
34. 2026-08-13
    days on market $249,990 Active 287 DOM
35. 2026-08-12
    days on market $249,990 Active 286 DOM
36. 2026-08-11
    days on market $249,990 Active 285 DOM
37. 2026-08-10
    days on market $249,990 Active 284 DOM
38. 2026-08-09
    days on market $249,990 Active 283 DOM
39. 2026-08-08
    days on market $249,990 Active 282 DOM
40. 2026-08-07
    days on market $249,990 Active 281 DOM
41. 2026-08-06
    days on market $249,990 Active 280 DOM
42. 2026-08-05
    days on market $249,990 Active 279 DOM
43. 2026-08-04
    days on market $249,990 Active 278 DOM
44. 2026-08-03
    days on market $249,990 Active 277 DOM
45. 2026-07-31
    days on market $249,990 Active 274 DOM
46. 2026-07-30
    days on market $249,990 Active 273 DOM
47. 2026-07-29
    days on market $249,990 Active 272 DOM
48. 2026-07-27
    days on market $249,990 Active 270 DOM
49. 2026-07-25
    days on market $249,990 Active 268 DOM
50. 2026-07-23
    days on market $249,990 Active 266 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 23 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

Taxation est. · year 1

• Rental income: $23,586
• − Mortgage interest: −$17,656
• − Property taxes: −$4,728
• − Insurance: −$1,576
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$9,169
• Taxable loss: −$13,316
• Est. tax savings @ 24.0%: +$3,196
• After-tax cash flow: $-4,310/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.

Condition & rehab AI · 1 photo

Good 80/100 Cosmetic rehab Est. rehab $7,000–$21,000 screening

This single-story home is in good condition with a good condition score of 80. It is move-in ready with minor cosmetic improvements that could further enhance its resale and rental value.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves aesthetics and functionality ↑
• Both New kitchen backsplash — Enhances kitchen aesthetics and functionality ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Henry W Sory El F TX #1,651/4,322 Nat'l #20,819/41,679 Middle Sherman Middle High Sherman H S F TX #930/1,632 Nat'l #9,405/17,239

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

C Composite livability gradescore 61/100

Livability — Sherman

• Score: 61/100
• State rank: #1027
• US rank: #18243

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment C- Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sherman, TX
• County: Grayson County · 134,540 people
• City population: 54,936
• Metro: Sherman-Denison, TX
• Population (ZIP): 26,594
• Household income: $55,543
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 13% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-5.7% since first listed

2 events — show timeline

• 2026-01-07 Price Changed $249,990 Zillow
• 2025-10-30 Listed $264,990 Zillow