FREE book: The Book on Texas Real Estate Investing — download now

Sherman Turnkey 2022 Built Duplex $400k

2829-2833 Peony Dr, Sherman
ROI
13.29% IRR
Strategy
Long Term Rental
Located in booming Sherman TX just north of Dallas. One side is already leased for $1680. Lease comps support $1700 per door. Recently constructed for minimal maintenance needs. This is an excellent 5-7 year hold, let it appreciate and pay for itself with very little lift from property owner. Taxes $7237.

Enter your email to download the proforma

< Back to Daily Deals

Sherman Turnkey 2022 Built Duplex $400k

Listed 05/27/2025

2829-2833 Peony Dr, Sherman

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$169/mo

Cap Rate:6.34%

IRR:13.29%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Houston Cashflowing 4-Plex $230k

5101 Crane St, Houston

Purchase Price:$230,000

Cash Outlay:$62,100

Cashflow:$405/mo

Cap Rate:8.10%

IRR:21.06%

Long Term Rental

DFW (Fort Worth) 1% Rule Duplex $246k

2509 Normont Cir, Fort Worth

Purchase Price:$246,000

Cash Outlay:$66,420

Cashflow:$317/mo

Cap Rate:7.53%

IRR:18.36%

Long Term Rental

DFW (McKinney) Off-Market Great Location Duplex

2429 / 2431 Lakeview Cir, McKinney

Purchase Price:$375,000

Cash Outlay:$101,250

Cashflow:$151/mo

Cap Rate:6.47%

IRR:13.29%

Long Term Rental

Houston Fully Occupied Duplex $575k

5140 Mallow St, Houston

Purchase Price:$575,000

Cash Outlay:$155,250

Cashflow:$178/mo

Cap Rate:6.36%

IRR:12.76%

Long Term Rental

Houston New Construction Quadplex Luxury Finishes $750k

4501 Newberry St #A-D, Houston

Purchase Price:$750,000

Cash Outlay:$202,500

Cashflow:$687/mo

Cap Rate:7.09%

IRR:16.24%

Short Term Rental

Galveston 7-Unit SELLER FINANCED Portfolio $1.05M

3506 Cove View Blvd, Galveston

Purchase Price:$1,050,000

Cash Outlay:$283,500

Cashflow:$695/mo

Cap Rate:5.63%

IRR:13.69%