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B+
NoAgentList RatingHow are grades calculated? Info

$219,000

1606 Bonner Road, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,307 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.15 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven
FlooringCeramic Tile

Exterior

Lot Size7,819 sqft

Building Information

Year Built1993
Roof Type105
Garage Spaces4

Land Information

APN24749
Lot Number7
SubdivisionCollege View Addn
Land UseResidential
Legal DescriptionCOLLEGE VIEW ADDN; BLOCK 2; LOT 7
Census Tract000400
Assessed Land Value$33,005
Assessed Improvement Value$180,760
Assessment Year2025

About this property

Beautiful 3 bedroom 2 bath that is move in ready! Covered back patio great for entertaining guests to take cover from this Texas heat! Backyard has ample space for the whole family to enjoy, including a large covered carport area for outside storage. Come take a look today!

Investor Tools

Property Icon
$219,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$357/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,193
$213,765
2025
$33,005
$180,760
$213,765
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$3,193
$213,765

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Fha
$223,870
Yes
First
Aug 25, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$263,750
N/A
0%
120%
$1,654/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$1,654/mo
$-234/mo
7.8%

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: Gainesville

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1606 Bonner Road | Property Details | No Agent List