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$281,000

NAL Estimated Property Value

248 County Road 2606, Bonham, TX, 75418

$281,551 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,176 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$112.59 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Cooktop, Microwave, Refrigerator
FlooringCarpet, Linoleum, Vinyl

Exterior

Exterior FeaturesFire Pit, Storage
Lot Size2.36 acres

Building Information

Year Built2008

Land Information

APN108705
Lot Number43
Land UseResidential
Legal DescriptionLAKE BONHAM PHASE 2, LOT 43, ACRES 2.356, MH LABEL# HWC0393900 / HWC0393901
Census Tract950402
Assessed Land Value$93,410
Assessed Improvement Value$119,190
Assessment Year2025

About this property

Your own little slice of paradise less than five minutes away from beautiful Lake Bonham! Quiet country setting with over 2.3 acres to call your own. Very well-maintained 5 bed, 3 bath home with over 2100 sf of living space. Walking up to the front door you are greeted by a large covered front porch - perfect to sit and sip on your morning coffee. Inside you will discover a great open floor plan with spacious living areas, large kitchen with a central island with plenty of room for family gatherings or entertaining guests. You will love the huge master suite with large bath and enormous closet! Step outside to the large covered backyard deck overlooking mature trees and country views. Additional storage building and plenty of room for animals. Breathe in the fresh air and settle in to your new country home within walking distance to Lake Bonham! Ready to make a move and enjoy a relaxed pace of life? Call your favorite Realtor and schedule your viewing today.

Investor Tools

Property Icon
$281,000
Estimated Property Value
$228,106Estimated Mortgage Balance
$52,894Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$281,550
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,686 /month
Positive
Cash Flow Estimate:
$562 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$286/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,023
$212,600
2025
$93,410
$119,190
$212,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,023
$212,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$240,562
Yes
First
Jul 21, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,106
$52,894
18%
81%
$1,443/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.

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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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248 County Road 2606 | Property Details | No Agent List