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$160,140

308 Smith Street, Bonham, TX, 75418

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths867 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$80.62 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Range
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size19,402 sqft

Building Information

Year Built1996

Land Information

APN93416
Lot Number3R
Land UseResidential
Legal DescriptionSEMPLE ADDN 1, BLOCK 1, LOT 3R
Census Tract950600
Assessed Land Value$42,680
Assessed Improvement Value$117,460
Assessment Year2025

About this property

Looking for a cozy, affordable home? Then take a look at this 2 bedroom, 2 bath home with an open floor plan, laminate flooring and a screened in patio area. There is double the parking, with room to park a boat or vehicle in one of the two concrete driveway's. The front yard has mature landscaping and a stone walkway. The back yard has chainlink fencing, a 10x9 storage shed with a concrete slab and a top notch chicken coop.

Investor Tools

Property Icon
$160,140
Estimated Property Value
$0Estimated Mortgage Balance
$42,947Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$961 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,023
$160,140
2025
$42,680
$117,460
$160,140
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,023
$160,140

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$130,591
Yes
First
Jan 22, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$117,193
$42,947
26%
73%
$783/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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308 Smith Street | Property Details | No Agent List