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$215,000

$219,000

1800 Island Byu, Bonham, TX, 75418

On MarketInfo
Price DropInfo
Beds4 Beds
Baths2 Bath
Baths1,962 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.58 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher
FlooringLaminate

Exterior

Lot Size22,128 sqft

Building Information

Year Built1940
Garage Spaces1

Land Information

APN71344
Land UseResidential
Legal DescriptionA0112 H BURKHARDT, ACRES .5080, TODD
Census Tract950402
Assessed Land Value$66,610
Assessed Improvement Value$198,004
Assessment Year2025

About this property

Welcome to this move in ready 4 bedroom, 2 bath home situated on just over half an acre near downtown Bonham. This property offers the perfect combination of space, functionality, and recent updates. Inside, you will find a well maintained home with a flexible layout to fit your needs. Major updates include a new roof completed in November 2023 and foundation work with releveling completed in November 2022, giving buyers added peace of mind. Step outside to enjoy the oversized backyard featuring mature trees, a large covered patio, and plenty of room to relax or entertain. The privacy fence, added in May 2022, creates a secluded outdoor space. A detached single car garage adds convenience, while the two story storage shed offers endless possibilities for a workshop, craft room, man cave, or she shed. With its generous lot size, thoughtful updates, and close proximity to downtown Bonham, this home is a rare find with room to live, work, and play.

Investor Tools

Property Icon
$264,614
Estimated Property Value
$206,196Estimated Mortgage Balance
$78,841Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,588 /month
Positive
Cash Flow Estimate:
$529 /month

Interested in this property?

Diem Goleman

Competitive Edge Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$437/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,920
$264,614
2025
$66,610
$198,004
$264,614
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,920
$264,614

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid-American Mortgage Inc
Fha
$206,196
Yes
First
May 4, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$185,773
$78,841
29%
70%
$1,237/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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1800 Island Byu | Property Details | No Agent List