601 Wes Michael RdBonhamTX75418
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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
Investment property for sale in Bonham at 601 Wes Michael Rd, Bonham, TX, 75418 with 5% annual appreciation on a $340,000 basis while $3,220/mo rent supports operations. Total monthly income totals $3,220/mo and a $1,664/mo payment preserves $802/mo for cash returns. Annual cash flow comes to $9,628/yr on $112,710 deployed, and return on cash invested reaches 28.45% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,936 alongside rental yield of 11.36%. Five-year ROI measures 149.88% and total cumulative return in cash totals $168,930.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,220/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
1.08 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: DeAnn Jones • FanninLand Realty
Mls Name: NTREIS
Mls ID: #20393782
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.