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$185,000

NAL Estimated Property Value

TBD Fm 3221, Bonham, TX, 75418

Off MarketInfo

About this property

Some of the best sandy soil in North Texas, this tract was once part of the Buena Vista Grass Farm and is ideal for agriculture or a homesite. Located near the Red River (no frontage), the property features deep Mulberry bottom land known for producing Bermuda grass, alfalfa, vegetables, fruit trees, and even vineyards. Surrounded by new homes and peaceful rural views, this land offers both productivity and potential. No mobile homes or campers allowed. Property is in the 100-year flood zone but there are new homes in the area. New survey is attached.

Investor Tools

Property Icon
$185,000
Estimated Property Value
$0Estimated Mortgage Balance
$185,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,110 /month
Positive
Cash Flow Estimate:
$370 /month

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Financing Details

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

City: Bonham

TBD Fm 3221 | Property Details | No Agent List