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$271,250

NAL Estimated Property Value

718 Bishop Street, Cedar Hill, TX, 75104

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,642 Sq Ft
price_per_sqft$164.43 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Lot Size6,681 sqft

Building Information

Year Built1986
Stories2
Roof Type105
Garage Spaces2

Land Information

APN16042690220050000
Lot Number5
SubdivisionStonewood Heights Ph Rep
Land UseResidential
Legal DescriptionSTONEWOOD HEIGHTS PH 2 REP BLK 22 LT 5 INT202300020728 DD02032023 CO-DC 0426902200500 4CH04269022
Census Tract016615
Assessed Land Value$55,000
Assessed Improvement Value$216,250
Assessment Year2025

About this property

**MOTIVATED SELLER** A MUST SEE! A great home at a great price to be in Cedar Hill! Near all schools, shopping and major freeways! Wood flooring down stairs. The Master suite down has bath with separate tub and shower. The Eat In kitchen is perfect for family gatherings for dinners. Upstairs boasts a Game Room and two bedrooms and full bath. The over-sized back yard is Pool Size with an extended concrete patio. Come to Cedar Hill and make this your new home! Friendly neighbors are waiting to meet you! Don't let this one get away at this price!! SOLD AS IS. SELLER MAKES NO REPAIRS. SELLER HAS NO SURVEY.

Investor Tools

Property Icon
$271,250
Estimated Property Value
$235,025Estimated Mortgage Balance
$36,225Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,628 /month
Positive
Cash Flow Estimate:
$543 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$632/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,232
$271,250
2025
$55,000
$216,250
$271,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,232
$271,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$250,000
No
First
Feb 3, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,025
$36,225
13%
87%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,360/mo
$1,499/mo
+$861/mo
10.4%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Cedar Hill

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