406 E Bonham Street Tom Bean, TX 75491
MULTI_FAMILY - Tom Bean, TX
Property Features for 406 E Bonham Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bedroom 4, Bathroom 4, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2
- Parking
- 4
- Parking features
- Open
- Interior features
- DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, HighSpeedInternet
- Exterior features
- RainGutters
- Fencing
- Privacy
- Appliances
- Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave
- Standard status
- Active
- APN
- 443291
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- KENNINGTON ADDN PHASE II REPLAT LT 1 & 2, LOT
- Tax Annual Amount
- 5604
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2025
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Laminate
- Building materials
- FiberCement
- Roof type
- Composition
Listing agent Sheri Kent License #0496604 (214) 642-6969
Listing office DFW Elite Dallas, TX (214) 642-6969
Listing date Jul 12, 2026
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in a quiet neighborhood in Tom Bean, in Grayson County. It is within walking distance to a community playground park and the elementary school.
The duplex is fully tenant-occupied, and both units are secured with executed tenant leases that must be honored upon sale. Appointments to show must be made in advance with each tenant’s approval.
Key Highlights
- New construction duplex (under construction) built in 2025 in Tom Bean, Grayson County
- Fully tenant‑occupied income‑producing property with executed tenant leases in place
- Each unit offers 1,655 SF with an open kitchen, custom tile backsplash, and granite countertops
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.9k | $12.36 |
| − Vacancy | −$4.7k | −$1.41 |
| EGI | $36.2k | $10.95 |
| − OpEx | −$10.9k | −$3.29 |
| NOI | $25.4k | $7.67 |
