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$284,000

1216 S 6th Street, Bonham, TX, 75418

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,585 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$154.57 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesStorage
Lot Size10,799 sqft

Building Information

Year Built1998

Land Information

APN93934
Lot Number8
Land UseResidential
Legal DescriptionUNDERWOOD ADDN, LOT 8, ACRES .2479
Census Tract950600
Assessed Land Value$34,450
Assessed Improvement Value$185,260
Assessment Year2025

About this property

Adorable home in a quiet neighborhood in a great town. This 4 bedroom, 2 full bath has an open kitchen to the living area home is well maintained and move-in ready. Seller will install new appliances and granite countertops in the kitchen prior to closing. The centrally located living area provides plenty of entertainment space with French doors leading to a large backyard with mature trees that offer plenty of shade. Bonus 12X12 finished-out custom building with electricity and covered porch. The garage has been converted into a spacious 4th bedroom with plenty of closets. Be part of a historical town and make this your forever home. Boid D'Arc Lake has been recently constructed; this town is about to boom. Conveniently located to schools, shopping, dining, entertainment, and grocery, along with easy access to major roadways. Own this gem in the heart of Bonham. Small town living at its best. Schedule your private showing today. Seller is open to ALL OFFERS!

Investor Tools

Property Icon
$284,000
Estimated Property Value
$0Estimated Mortgage Balance
$25,875Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$372/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,048
$219,710
2025
$34,450
$185,260
$219,710
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,048
$219,710

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Village Capital & Investment Llc
Va
$260,010
Yes
First
Dec 23, 2025
Jan 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$258,125
$25,875
9%
91%
$1,559/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Bonham

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1216 S 6th Street | Property Details | No Agent List