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$88,000

$100,000

1626 Kennedy St, Bonham, TX, 75418

$114,400 ARVInfo
On MarketInfo
Price DropInfo
Beds6 Beds
Baths2 Bath
Baths2,354 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$37.38 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellDeal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 2Bathrooms 2
AppliancesNone
FlooringCarpet, Wood

Exterior

Lot Size10,001 sqft

Building Information

Year Built1940

Land Information

APN91523
Land UseResidential
Legal DescriptionFAIRVIEW ADDN, BLOCK 11
Census Tract950401
Assessed Land Value$37,510
Assessed Improvement Value$84,060
Assessment Year2025

About this property

Two duplex-ready layouts under one Bonham roof. This 6-bedroom, 2-bath home spans 2,354 square feet on a 0.23-acre lot in the Fairview Addition, built in 1940 with a room count that maps directly onto two 3-bedroom, 1-bath units. Six bedrooms in one structure means the split is already there — reconfiguring into two 3-1 units means working with existing walls, not adding square footage (buyer to confirm permitting with the City of Bonham). Two covered porches (105 and 61 square feet) give each potential unit its own entrance point, useful for separating tenant access. Two 320-square-foot steel storage buildings (built 2000) plus a storage shed add lockable space for tenant use or owner equipment. The 10,001-square-foot lot carries 100 feet of frontage, enough room for separate parking or walkways per unit. Duplexes and fourplexes line this block, so multi-family rental demand is already established here. Zoned to Bonham ISD and sited in the Fairview Addition, this address sits inside an established multi-family pocket of Bonham — built-in comparables for rent roll and resale.

Investor Tools

$16,438Estimated Mortgage Balance
$207,666Estimated Equity
90% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$114,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,344 /month
Positive
Cash Flow Estimate:
$448 /month

Interested in this property?

Crystal DeBacker

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,428
$121,570
2025
$37,510
$84,060
$121,570
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,428
$121,570

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Honham State Bank
Unknown
$33,297
No
First
Feb 20, 2007
Feb 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$16,438
$163,562
90%
7%
$0/mo

City: Bonham

1626 Kennedy St | Property Details | No Agent List