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Sherman Remodeled and Occupied Duplex $365k

403-405 N Burdette Ave, Sherman
ROI
11.21% IRR
Strategy
Long Term Rental
Located in Sherman, a high-growth market North of Dallas benefitting from the semiconductor industry establishing on the I75 corridor. Unit 403 is leased for $1,425 per month through May 2025. Unit 405 is leased for $1,450 per month through April 2025. Both sides of the duplex have been thoroughly remodeled. Buyer will need to self-manage in order to breakeven cashflow. Taxes $6482.

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Sherman Remodeled and Occupied Duplex $365k

Listed 03/18/2025

403-405 N Burdette Ave, Sherman

Purchase Price:$365,000

Cash Outlay:$98,550

Cashflow:$24/mo

Cap Rate:5.91%

IRR:11.21%

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