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Sherman Fully Occupied Duplex $280k

2601 N Hickory St, Sherman
ROI
15.65% IRR
Strategy
Long Term Rental
Located in a booming market north of Dallas due to the semiconductor industry establishing in the area. Unit A renews 6/1/2025 and they pay $1150 per month. Unit B renews 12/31/2025 and they pay $1200 per month. Market rate is $1350 per door after light value-add. Taxes $6395.

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Sherman Fully Occupied Duplex $280k

Listed 02/19/2025

2601 N Hickory St, Sherman

Purchase Price:$280,000

Cash Outlay:$75,600

Cashflow:$228/mo

Cap Rate:6.96%

IRR:15.65%

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