2317 Recreation Rd #3BonhamTX75418
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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 2317 Recreation Rd #3, Bonham, TX, 75418 generates $2,090/mo in rent and, after a $1,248/mo payment, leaves $277/mo in cash flow. Total monthly income is $2,090/mo, and annual cash flow is $3,321/yr on $84,533 invested. Return on cash invested sits at 23.84% in year one, and rental yield is 9.84% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash sums $105,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,090/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
2.43 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: Scott Michalak • Weichert Realtors-Solid Ground
Mls Name: NTREIS
Mls ID: #20617502
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.