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$99,500

1927 E Fm 1550, Bonham, TX, 75418

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,264 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$78.72 / sqft
Year BuiltBuilt in 1937

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
AppliancesDisposal
FlooringCarpet, Tile, Wood

Exterior

Lot Size1.46 acres

Land Information

APN84675
Land UseResidential
Legal DescriptionA1130 T TOBY, ACRES 1.461
Census Tract950500
Assessed Land Value$66,320
Assessed Improvement Value$35,090
Assessment Year2025

About this property

INVESTOR SPECIAL! 1.5 ACRES UNDER $100K! Bank evaluated property for $245k in 2025! Incredible opportunity to own a 3-bedroom home situated on approximately 1.5 acres on a spacious corner lot in Bonham! Offering plenty of room between neighboring properties, this property provides a peaceful country setting with endless possibilities. The home is ready for cosmetic updates but features a NEW ROOF installed in 2023 and newer exterior siding, providing a great starting point for your next project. Multiple outbuildings offer additional space for storage, hobbies, or workshop possibilities. Conveniently located near Bonham State Park, enjoy the charm of North Texas country living while remaining close to shopping, dining, and local amenities. Whether you're an investor searching for your next renovation project or a buyer looking to create your own country retreat, this property offers exceptional potential. Propane tank is leased from McCraw Propane.

Investor Tools

$26,485Estimated Mortgage Balance
$289,515Estimated Equity
91% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$165/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$400
$101,410
2025
$66,320
$35,090
$101,410
No

Tax History

Year
Tax Paid
Assessed Value
2024
$400
$101,410

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Credit Line (Revolving) / Heloc
$27,000
No
First
Sep 26, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$26,485
$289,515
91%
8%
$162/mo

City: Bonham