710 Union 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 710 Union Ave, Bonham, TX, 75418 priced at $144,500 converts $1,092/mo rent into $65/mo cash flow after a $707/mo obligation. Total monthly income equals $1,092/mo, and annual cash flow totals $776/yr on $47,902 invested. Return on cash invested prints 21.53% in year one, and rental yield reads 9.07% against a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation compiles into $39,923 by year five. Five-year ROI reaches 112.77% and total cumulative return in cash sums $54,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,092/mo property income covering a $707/mo payment, not borrower’s personal income.
Single Family
Built in 1950
6,011 sqft 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: Angelica Pena • Real, LLC
Mls Name: NTREIS
Mls ID: #20814355
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.