2009 Franklin AveBonhamTX75418
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Bonham at 2009 Franklin Ave, Bonham, TX, 75418 generates $2,282/mo in rent and, after a $1,272/mo payment, leaves $434/mo in cash flow. Total monthly income is $2,282/mo, and annual cash flow is $5,207/yr on $86,157 invested. Return on cash invested sits at 25.95% in year one, and rental yield is 10.54% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 136.47% and total cumulative return in cash sums $117,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,282/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 75418, Bonham, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,888 (100%) |
| Owner Occupied HU | 3,525 (59.9%) |
| Renter Occupied HU | 1,693 (28.8%) |
| Vacant Housing Units | 670 (11.4%) |
| Median Home Value | $235,811 |
| Average Home Value | $314,095 |
Housing Distribution
Address Breakdown
Residential
5,522
Single Family
5,353
Multi-Family
169
Businesses
602
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Listed by: Mark Croft • RE/MAX DFW Associates
Mls Name: NTREIS
Mls ID: #20928648
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.