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$29,900

601 Thomas Street, Bonham, TX, 75418

Off MarketInfo
Baths0 Bath
Baths2,595 Sq Ft
RanchRanch

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12,850 sqft

Building Information

Year Built2022

Land Information

APN83653
Land UseResidential
Legal DescriptionA1018 J P SIMPSON
Census Tract950401
Assessed Land Value$44,210
Assessed Improvement Value$381,570
Assessment Year2025

About this property

Looking for a place to build your dream home? Or looking for a place to put a small business? We'll look no farther!! This Big corner lot is 1 block from highway 121 and 2 blocks from highway 56. Located in a quite neighborhood, and it joins the Bonham Trades Day!! DON'T MISS OUT ON THIS DEAL

Investor Tools

Property Icon
$425,780
Estimated Property Value
$0Estimated Mortgage Balance
$128,434Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,555 /month
Positive
Cash Flow Estimate:
$852 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$869/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,296
$425,780
2025
$44,210
$381,570
$425,780
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,296
$425,780

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Third Coast Bank Ssb
Conventional
$306,800
No
First
Sep 19, 2023
Oct 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,346
$128,434
30%
70%
$1,964/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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