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A+
NoAgentList RatingHow are grades calculated? Info

$125,000

2693 W Fm 898, Bonham, TX, 75418

$162,500 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,980 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$63.13 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesGas Cooktop, Gas Oven
FlooringCarpet, Wood

Exterior

Lot Size7 acres

Building Information

Year Built1945
Garage Spaces2

Land Information

APN80742
Land UseResidential
Legal DescriptionA0810 MC KINNEY & WILLIAMS, ACRES 7.0
Census Tract950402
Assessed Land Value$169,400
Assessed Improvement Value$157,990
Assessment Year2025

About this property

Have you been watching to much HGTV during COVID 19? Well, come turn your dreams into reality, the house has recently been leveled, has new flooring trusses, has new plumbing, mostly new electrical, comes with a workshop out back and 7 beautiful acres. YOU DON'T WANT TO MISS OUT ON THIS DEAL

Investor Tools

Property Icon
$382,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$286,697Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$162,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,292 /month
Positive
Cash Flow Estimate:
$764 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$306/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,760
$327,390
2025
$169,400
$157,990
$327,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,760
$327,390

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Credit Line (Revolving) / Heloc
$100,000
No
First
Oct 25, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$95,303
$286,697
75%
25%
$600/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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2693 W Fm 898 | Property Details | No Agent List