Listing provided courtesy of VIP RealtyMLS# 21262178MLS ProviderContact Information: Calvin Lyman - 214-295-4888
  • 54 days on site
  • 2 views

Investor opportunity in Cedar Hill! 161 Hood St is being offered, either as a separate purchase, or together with 163 Hood St and 309 S Main St. 161 Hood features an occupied single-family rental with in-place lease income and a rear shed area that includes a one-bedroom apartment setup. For the right investor, additional improvements such as plumbing updates, utility separation, split meter work, and any required permits or approvals may create an opportunity to further improve income potential. HVAC installed in 2012. New roof installed in 2022. P&L statements for the last 12 months, seller disclosures, leases, and additional portfolio documents are available in MLS supplements. Buyer and buyer’s agent to verify all details. Rear shed or workshop contains a one-bedroom apartment setup; seller makes no representation regarding permitted status, separate utility capability, habitability, or future rent potential. Buyer to perform all due diligence. Showings to be coordinated with tenant notice and or as agreed by seller. Current scheduled rents: $4,800 monthly, $57,600 annually. Staggered lease expirations through 2026–2027. Current gross rent multiplier: approx. 12.7x at list price. Buyer to verify taxes, insurance, expenses, lease terms, condition, and future rent potential. Being sold individually or as a package alongside #21262206 and #21262052

Source: North Texas MLS, MLS#: 21262178

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  • Property Type
    Residential
  • Lot
    0.21 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 161 Hood Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/6/2026Source: North Texas MLS Price Increase
$249,900 2.0%
5/6/2026Source: North Texas MLS Added to Database
May 06, 2026