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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.

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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%

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