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$239,000

1518 Bonham Dr, Victoria, TX, 77901

$276,740 ARVInfo
On MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,795 Sq Ft
price_per_sqft$133.15 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Electric Water Heater, Range Hood, Some Electric Appliances
FlooringLuxury Vinyl Plank, Tile, Vinyl

Exterior

Exterior FeaturesCovered Patio
Lot Size7,139 sqft

Building Information

Year Built2017
Stories1
Roof Type105
Garage Spaces65

Land Information

APN37570-008-00900
Lot Number9
SubdivisionInwood Terrace Iii
Land UseResidential
Legal DescriptionINWOOD TERRACE III LOT 9 BLOCK 8
Census Tract001604
Assessed Land Value$33,130
Assessed Improvement Value$139,950
Assessment Year2025

About this property

This property has been thoughtfully updated and significantly expanded to offer a highly functional, multi-generational layout with a total of five bedrooms and two-and-a-half bathrooms. Upon entering, you are greeted by an expanded, oversized living room created by a garage conversion, offering ample space for large gatherings. The heart of the home features an open-concept kitchen and dining area with a generously sized footprint, ideal for fluid meal preparation and entertaining. Storage and utility needs are well-addressed by a substantial walk-in pantry and a dedicated interior laundry room closet. The home's layout provides excellent utility. The original footprint toward the front of the house contains three bedrooms and one full bathroom. The expanded rear section of the home introduces a private primary suite complete with an attached full bathroom, alongside a fifth large bedroom equipped with its own dedicated walk-in closet and an adjacent half bathroom. Recent updates add real peace of mind: the roof was replaced in 2018, and new windows throughout the home improve energy efficiency and curb appeal. Comfort is covered year-round with central air and heat, plus mini-split systems added for extra cooling in key areas of the home. This updated property balances expansive indoor living areas with classic architectural appeal on an established lot.

Investor Tools

$38,140Estimated Mortgage Balance
$165,860Estimated Equity
79% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$276,740
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,434 /month
Positive
Cash Flow Estimate:
$478 /month

Interested in this property?

Melissa Orr

Coldwell Banker D'Ann Harper

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$331/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,955
$173,080
2025
$33,130
$139,950
$173,080
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,955
$173,080

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Preference Mortgage Co
Fha
$67,367
Yes
First
Feb 9, 2005
Mar 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$38,140
$148,860
79%
19%
$470/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,503/mo
$470/mo
+$1,033/mo
8.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Victoria

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