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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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4779 Sistrunk St , Sherman, TX 75090
$225,000
Est. Payment: $1,158.40/mo
5 Bed
3 Bath
3978 Sqft
Status: active | Days on site: 35
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Investor Opportunity with Immediate Cash Flow and Value-Add Potential in Sherman, TX! Discover the investment potential at 4779 Sistrunk Road, a 1.48-acre income-producing property offering multiple revenue streams and significant upside. The property currently generates $1,200 per month in rental income from a mobile home leased for $750 per month and an RV hookup rented for $450 per month, providing immediate cash flow while you execute your investment strategy. The centerpiece of the property is a nearly 4,000-square-foot Victorian-style home ready for renovation. With its impressive size, timeless architecture, and restoration potential, the home presents an excellent opportunity for a fix-and-flip project, long-term rental conversion, or owner-occupied renovation with built-in supplemental rental income. Whether you're searching for an income-producing property, fix-and-flip opportunity, value-add investment, or multi-income real estate in Sherman, this property offers the flexibility investors are looking for. Continue collecting rental income during renovations, expand your investment portfolio, or unlock additional value through updates and improvements. Opportunities combining current cash flow with substantial appreciation potential are becoming increasingly difficult to find in the Sherman market. This offering was previously marketed as part of an approximately 2.47-acre tract, but the owners have elected to subdivide the property, allowing the new owner to retain the approximately 1.48-acre portion featuring all of the existing income-producing improvements. By keeping the mobile home rental and RV hookup with the Victorian residence, this configuration provides the rare opportunity to acquire a property that combines immediate cash flow with substantial value-add and renovation potential, making it an attractive investment in today's market.

Highlights

Listed by Eli Ersch , Easy Life Realty , North Texas Real Estate Information Systems

Property Type

Residential

Lot/Acreage
1.48

Year Built

1910

County

Grayson

Neighborhood

Hilltop Estate Sub

School District

Sherman ISD

Listing ID

21335404

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Electric Cooktop, Double Oven, Refrigerator
Air Cond:Window Unit(s)
Fireplaces:
Floor:Hardwood,Luxury Vinyl Plank,Tile
Other:
  • Additional:High Speed Internet Available, Kitchen Island, Walk-In Closet(s), Master on Main

Exterior Features

Lot:Corner Lot,1 to < 3 Acres
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:No Garage
Principal Interest
$1,158
Taxes
$527

Home Price

$225,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$45,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,158.40

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,158.40 $526.92 $0.00 $1,685.31
Yearly $13,900.77 $6,323.00 $0.00 $20,223.77
Total $417,023.18 $189,690.00 $0.00 $606,713.18

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Sherman, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

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