1917 E Mulberry St Sherman, TX 75090
Estimated payment $1,838/month
Highlights
- Open Floorplan
- Private Yard
- 1 Car Direct Access Garage
- Craftsman Architecture
- Covered Patio or Porch
- Eat-In Kitchen
About This Home
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, 2027 (That’s nearly two full years of passive income already locked in)
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.
Listing Agent
EXP REALTY Brokerage Phone: 469-714-2100 License #0764248 Listed on: 05/22/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,436
Year Built
- Built in 1958
Lot Details
- 6,011 Sq Ft Lot
- Wood Fence
- Few Trees
- Private Yard
Parking
- 1 Car Direct Access Garage
- Driveway
- Additional Parking
- Off-Street Parking
Home Design
- Craftsman Architecture
- Traditional Architecture
- Pillar, Post or Pier Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,561 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Built-In Features
- Window Treatments
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- Ice Maker
- Disposal
Flooring
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Covered Patio or Porch
- Outdoor Storage
Schools
- Dillingham Elementary School
- Sherman High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
Community Details
- Belmont Add Subdivision
Listing and Financial Details
- Tax Lot 69
- Assessor Parcel Number 160831
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,436 | $273,453 | $37,200 | $236,253 |
| 2024 | $5,436 | $247,835 | $33,372 | $214,463 |
| 2023 | $4,706 | $214,335 | $28,809 | $185,526 |
| 2022 | $2,222 | $94,806 | $23,760 | $71,046 |
| 2021 | $1,667 | $66,494 | $14,040 | $52,454 |
| 2020 | $1,720 | $65,554 | $9,396 | $56,158 |
| 2019 | $1,703 | $63,170 | $4,350 | $58,820 |
| 2018 | $1,037 | $41,318 | $2,850 | $38,468 |
| 2017 | $913 | $36,659 | $1,710 | $34,949 |
| 2016 | $836 | $33,566 | $1,710 | $31,856 |
| 2015 | $870 | $35,029 | $1,710 | $33,319 |
| 2014 | $863 | $34,749 | $2,910 | $31,839 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | Price Changed | $259,990 | +4.0% | $167 / Sq Ft |
| 05/22/2025 05/22/25 | For Sale | $249,990 | 0.0% | $160 / Sq Ft |
| 02/21/2025 02/21/25 | Rented | $1,995 | 0.0% | -- |
| 02/20/2025 02/20/25 | Under Contract | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $1,995 | -7.2% | $1 / Sq Ft |
| 01/10/2025 01/10/25 | Price Changed | $2,150 | -4.4% | $1 / Sq Ft |
| 12/02/2024 12/02/24 | Price Changed | $2,250 | -4.3% | $1 / Sq Ft |
| 11/25/2024 11/25/24 | For Rent | $2,350 | 0.0% | -- |
| 01/12/2024 01/12/24 | Sold | -- | -- | -- |
| 12/14/2023 12/14/23 | Pending | -- | -- | -- |
| 12/07/2023 12/07/23 | For Sale | $275,000 | -- | $176 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Chicago Title | |
| Warranty Deed | -- | Chicago Title | |
| Warranty Deed | -- | Simplifile | |
| Warranty Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Deed | -- | None Listed On Document | |
| Warranty Deed | -- | New Title Company Name | |
| Vendors Lien | -- | None Available | |
| Trustee Deed | $48,500 | None Available | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,250 | New Conventional | |
| Previous Owner | $203,250 | New Conventional | |
| Previous Owner | $180,000 | Construction | |
| Previous Owner | $180,000 | Construction | |
| Previous Owner | $38,500 | Seller Take Back | |
| Previous Owner | $57,600 | Stand Alone First |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20945466
APN: 160831
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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