Selected for the Terner Labs Housing Venture Lab

9160 State Highway 56 E, Sherman, TX 75090

Active
Listed 68 days ago
Owner-Occupant Eligible
$550,000

About $2,695 a month to live here, after the rent from the other home.

House + ADU2,089 sqft5 beds4 bathsListed Sep 5, 2026

A house with a second home on the lot. Live in one and rent out the other. How it works

Live here for about

$2,695a month

The second home on the lot rents for $1,522. We hold back $297 of that for repairs and an empty month, and the rest goes toward a $3,920 monthly payment.

Income to qualify: about $96,000 a year

With how much down?

At 20% down ($110,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Get rich slow: keep this loan ten years and the payments pay off about $72,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.

$16,500 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

A Rare Acreage Opportunity with TWO HOMES! Set on 2.42 acres, this unique property offers endless possibilities with two separate residences sharing a private driveway. Ideal for multi-generational living, extended family, guests, rental income, or those seeking additional space without sacrificing privacy. 1% LENDER CREDIT available toward closing costs or rate buy-down AND LENDER-PAID APPRAISAL for qualified buyers when using preferred lender. The 2089 SF main home, built in 1963, features 3 bedrooms, 2 baths, an enclosed porch, and an expansive living room with plenty of space to gather and entertain. Recent improvements add immediate value and peace of mind, including fresh interior paint and newly installed carpet in August 2026, along with an entirely new aerobic septic system installed August 2026. The 1357 SF second home was completely renovated in 2016 and offers 2 bedrooms and 2 baths with a thoughtfully designed kitchen featuring a large island, oversized laundry room, and abundant storage. The spacious primary suite includes an oversized shower and generous closet. Step outside to enjoy the covered back porch and fully enclosed backyard with privacy fencing—an ideal retreat for relaxing or entertaining. With two homes, 2.42 acres, and a combination of recent improvements and established updates, this property is a truly exceptional opportunity for buyers seeking flexibility and room to grow. Come experience the possibilities this one-of-a-kind property has to offer! Located on State Highway 56 in Sherman, this property offers a country setting with convenient access to the Sherman area and both the Hwy 75, and Hwy 82 corridors. Enjoy the space and privacy of an acreage property while remaining within reach of everyday conveniences in Sherman. Sherman Town Center and other major retail and dining options are easily accessible, while Highways 75 & 82 provide convenient connectivity throughout the Texoma region and North Texas.

House + ADU

Property Type

105,546 sqft

Lot Size

1963

Year Built

Listing Date: 09/05/2026

Listed by: Kathy Rogan

Listing office: Keller Williams Realty DPR

Source: NTREIS #21379044

Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.

CHOOSE YOUR UNIT

Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.

If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.

CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.

OFFER PRICE

Change your offer and watch the monthly cost move.

Purchase Price

-15%
$550,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$550,000
Your Down Payment$110,000
Financed$440,000
Estimated Monthly Payment$3,920

Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.

MONTHLY BREAKDOWN

Estimate at 20% down ($110,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$3,920/month
Principal + Interest
$2,638
Property Taxes
$887
Home Insurance
$395
Rental Income (1 Unit)
$1,522/month

From the listing description.

Rental Expenses
-$297
Cost to live here
$2,695/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

BEFORE YOU OFFER

Now run it on your paycheck.

This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.

Free. No credit pull.

NTREIS logo

MLS# 21379044 · Listing office: Keller Williams Realty DPR

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.