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$249,500

720 Bishop St, Cedar Hill, TX, 75104

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,518 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$99.09 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range, Electric Water Heater, Disposal, Microwave

Exterior

Lot Size7,248 sqft

Building Information

Year Built1986
Roof Type105
Garage Spaces1

Land Information

APN16042690220060000
Lot Number6
SubdivisionStonewood Heights Ph Rep
Land UseResidential
Legal DescriptionSTONEWOOD HEIGHTS PH 2 REP BLK 22 LOT 6 INT202100011829 DD01132021 CO-DC 0426902200600 4CH04269022
Census Tract016615
Assessed Land Value$60,000
Assessed Improvement Value$274,770
Assessment Year2026

About this property

Excellent Tenant-Occupied Investment Opportunity(CASH OFFER ONLY)! Great opportunity for investors to purchase an income-producing single family home with an existing tenant in place. This property offers 4 bedrooms, 3 full bathrooms, and 2518 square feet of living space and currently generates $2200 per month in rental income. The property offers significant potential for investors looking to renovate and increase property value and future rental income. The roof is approximately 1 years old. The tenant family have been living in this property for 10 years, great tenant, and they want to continue to live in this house. The current lease is month by month, . No survey, buyer buys survey at his cost. The house is Sold As-IS. Showing needs appointment. The best way for contacting listing agent is by email. Buyer verify all information including but not limited to size of each area and schools Owner is real estate agent.

Investor Tools

$142,159Estimated Mortgage Balance
$192,611Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,009 /month
Positive
Cash Flow Estimate:
$670 /month

Interested in this property?

Linhua Zhao

Grand Ark LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$788/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,786
$334,770
2026
$60,000
$274,770
$334,770
No

Tax History

Year
Tax Paid
Assessed Value
2026
$7,786
$334,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rcn Capital Llc
Commercial
$161,000
No
First
Oct 19, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$142,159
$192,611
57%
42%
$966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,720/mo
$966/mo
+$1,754/mo
9.7%

City: Cedar Hill

720 Bishop St | Property Details | No Agent List