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$247,000

NAL Estimated Property Value

409 S Main Street, Bonham, TX, 75418

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,602 Sq Ft
price_per_sqft$155.99 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Water Heater, Microwave
FlooringTile, Vinyl

Exterior

Lot Size5,401 sqft

Building Information

Year Built2024
Garage Spaces1

Land Information

APN93139
Lot NumberS
Land UseResidential
Legal DescriptionS9645 REICH ADDN, BLOCK 10, LOT S PT OF 2
Census Tract950600
Assessed Land Value$22,040
Assessed Improvement Value$162,940
Assessment Year2025

About this property

Brand new construction - Modern 3 bed, 2 bath home. Construction is nearly complete! Be the first to call this beautiful home yours. Featuring 3 bedrooms and 2 full bathrooms, this property offers a thoughtful open-concept floor plan that seamlessly connects the living, dining and kitchen areas - perfect for entertaining or everyday living. This home combines style, comfort and functionality in one perfect package! The information provided is considered reliable, yet not guaranteed. Buyers are advised to verify all details and conduct thorough due diligence.

Investor Tools

Property Icon
$247,000
Estimated Property Value
$195,903Estimated Mortgage Balance
$51,097Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,499 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$322
$184,980
2025
$22,040
$162,940
$184,980
No

Tax History

Year
Tax Paid
Assessed Value
2024
$322
$184,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$204,200
No
First
Feb 21, 2024
Feb 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$195,903
$51,097
20%
79%
$1,225/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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409 S Main Street | Property Details | No Agent List