802 E Jones St, Sherman, TX 75090, USA

Investment Opportunity: Value-Add Fixer-Upper in Sherman, TX

Property Address:

802 E Jones St, Sherman, TX 75090

Property Highlights:

• 2 Bedrooms

• 1 Bathroom

• 884 sqft

• Built in 1958

Pricing & Value:

• Purchase Price: $109,047

• Estimated ARV (After Repair Value): $230,000

Estimated Repair Costs: $50,000

(Full cosmetic and functional renovation scope, including kitchen and bathroom updates, flooring, paint, fixtures, electrical/plumbing refreshes as needed, and exterior improvements. This assumes a moderate-to-heavy rehab on an older property; final costs should be confirmed with contractor inspections and bids.)

Projected Numbers (Conservative Estimate):

• Total Investment (Purchase + Repairs): ≈ $160,000 (excluding holding costs, closing costs, and selling expenses)

• Potential Gross Profit: ≈ $70,000 (before commissions, holding time, and other exit costs)

• Equity Upside: Solid spread with room for forced appreciation in a growing North Texas market.

Why This is a Strong Investor Deal:

This compact single-family home presents an excellent opportunity for a fix-and-flip or BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy. The 2-bed/1-bath layout is straightforward to renovate and appeals to entry-level buyers or tenants in the Sherman area. Located on the edge of the Dallas-Fort Worth metro, Sherman benefits from regional population growth, demand for affordable housing, and steady long-term appreciation.

Ideal For:

• Experienced flippers comfortable with moderate renovation projects

• BRRRR investors looking to create equity through rehab

• Rental portfolio builders seeking cash-flow potential after stabilization

Property is offered as-is. Cash or hard-money buyers preferred with proof of funds and ability to close quickly. Seller makes no representations regarding condition or repairs needed.