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$345,000

401 Sam Rayburn Drive 1, Bonham, TX, 75418

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$131.88 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Dryer, Gas Range, Gas Water Heater, Refrigerator, Washer
FlooringCarpet, Wood

Exterior

Exterior FeaturesStorage
Lot Size10,803 sqft

Building Information

Year Built1985
Garage Spaces3

Land Information

APN83470
Land UseResidential
Legal DescriptionA1018 J P SIMPSON, ACRES 0.248
Census Tract950600
Assessed Land Value$58,560
Assessed Improvement Value$245,090
Assessment Year2025

About this property

Rental Investment Property - Tri-plex is located within walking distance, just a few blocks from Fannin County Square, restaurants & shopping. There are a lot of possibilities with this property, long or short-term rentals or make it your home with rental income. The Tri-plex contains three unique apartments, a detached three car garage, a storage building and a fenced back yard. Each apartment has its own front & back entries, gas range, refrigerator plus washer-dryer. Many updates on this property have been completed, ask for the list prior to showing. Two of the apartments are furnished.

Investor Tools

$283,887Estimated Mortgage Balance
$19,763Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

Interested in this property?

Chris Johnson

FanninLand Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$402/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,303
$303,650
2025
$58,560
$245,090
$303,650
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,303
$303,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fannin Bank
Conventional
$303,200
No
First
May 26, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,887
$19,763
6%
93%
$1,628/mo

City: Bonham

401 Sam Rayburn Drive 1 | Property Details | No Agent List