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$167,500

503 Braz Street, Bonham, TX, 75418

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths896 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.94 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Laminate, Linoleum

Exterior

Exterior FeaturesDog Run, Storage
Lot Size11,252 sqft

Building Information

Year Built1940

Land Information

APN93172
Lot Number5
Land UseResidential
Legal DescriptionREICH ADDN, BLOCK 13, LOT 5, ACRES .2583
Census Tract950600
Assessed Land Value$35,210
Assessed Improvement Value$87,300
Assessment Year2025

About this property

Sitting Pretty at Powder Creek Park this cute 2Br, 2Ba cottage home offers a view like no other with the park as a backdrop to the property. Enjoy all of the amenities right in your very own backyard. Home has been recently remodeled and move in ready offering 2 covered deck porches that welcome you into the quaint living room, the cozy eat in kitchen that centers the home and boasts wonderful natural light throughout. Split bedrooms for privacy both having their own private full bathrooms and walk in closets with the full size laundry room in the short hall area near by. Matching the home is a dual door Storage building perfect for lawn tools and additional storage needs. Mature trees frame the property and allows a tremendous amount of shade and breeze in the summer months. Small fenced side-yard for pets and children. Gutters to be installed prior to close and survey is available. HVAC recently serviced. No HOA. Furnishings are negotiable. This property would make a fantastic Air B&B and is located not only at the corner of Powder Creek Park but only 4 miles from Bonham State Park too ! Seller is also the Listing Agent. Additional photos coming Tuesday 11-2

Investor Tools

$156,095Estimated Mortgage Balance
$126,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,005 /month
Positive
Cash Flow Estimate:
$335 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$207/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,855
$122,510
2025
$35,210
$87,300
$122,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,855
$122,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$162,440
Yes
First
Aug 30, 2024
Sep 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$156,095
N/A
0%
124%
$974/mo

City: Bonham