$220,000
●
House -
For Sale
503 Wes Michael Road
Bonham, TX 75418
2 Beds
1 Bath
1,215 Ft²
$1,372
Est. Monthly
About This Property
Come tour this pristine single story 2 bedroom home situated on a
.425 acre lot nestled in the desirable Lindawood Acres
Neighborhood. This charming
brick residence features a flexible floor plan with beamed ceilings, cozy fireplace, and and warm laminate wood flooring throughout. (no carpet) The
kitchen offers ample cabinetry, a breakfast bar, and an adjoining dining room that creates a functional inviting space for meals and conversation. The spacious bedrooms ensure comfort and generous closet space. Large 2-car garage includes expanded storage capacity. Savor outdoor living in the expansive backyard with majestic mature trees, perfect for a garden, play area or outdoor entertaining. Located just minutes from Downtown Bonham, schools, VA Medical Center and local amenities with excellent commuter connectivity via Hwy 82 to Sherman and 121 toward Mckinney.
brick residence features a flexible floor plan with beamed ceilings, cozy fireplace, and and warm laminate wood flooring throughout. (no carpet) The
kitchen offers ample cabinetry, a breakfast bar, and an adjoining dining room that creates a functional inviting space for meals and conversation. The spacious bedrooms ensure comfort and generous closet space. Large 2-car garage includes expanded storage capacity. Savor outdoor living in the expansive backyard with majestic mature trees, perfect for a garden, play area or outdoor entertaining. Located just minutes from Downtown Bonham, schools, VA Medical Center and local amenities with excellent commuter connectivity via Hwy 82 to Sherman and 121 toward Mckinney.
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.43 acres
Price per sqft
$181
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1965
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 9 days ago (NTREIS #21392931)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Spirit Real Estate | $220,000 | |
| Listed by Spirit Real Estate | |||
Property Highlights
Air Conditioning
Fireplace
Parking Available
Garage
Parking Details
Has Garage
Attached Garage
Parking Features: Covered, Driveway, Garage, Garage Door Opener, Garage Faces Front, Inside Entrance, Storage, Garage Single Door
Garage Spaces: 2
Interior Details
Full Bathrooms: 1
Interior Features: Built-in Features, Pantry, Cable TV Available
Appliances: Dishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave
Flooring Type: Laminate, Tile, Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Utility Room, Full Size W/D Area
Has Fireplace
Fireplace Features: Gas Starter, Living Room, Raised Hearth, Brick
Fireplaces: 1
Exterior Details
Square Footage: 1215
Architectural Style: Traditional
Year Built: 1965
Levels: One
Window Features: Window Coverings
Construction Materials: Brick, Siding
Patio and Porch Features: Covered
Lot Features: Few Trees, Interior Lot, Lrg. Backyard Grass, Subdivision
Lot Size Area: 0.425
Lot Size Units: Acres
Lot Size Acres: 0.425
Lot Size Square Feet: 18513
Tax Lot: 3
Financial Details
Tax Annual Amount: $3,496
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Central, Natural Gas
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Bonham
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Listed by: Maria Zamora, Spirit Real Estate
Last Updated: 9 days ago
Data Source: NTREIS MLS, MLS# 21392931
Details provided by NTREIS and may not match the public record
Last Updated: 9 days ago
Data Source: NTREIS MLS, MLS# 21392931
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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