Market Conditions in 75216>Question Details

Bruce J. Lev…, Real Estate Pro in 94131

I am looking to purchase a multi family property in the Cedar Hill zip code area. How is the market there?

Asked by Bruce J. Levitz, 94131 Fri Jan 25, 2008

I am looking to purchase a multi family property in the Cedar Hill ZIP code area of Dallas. How is the rental market? Is there too much over building on the horizon? Is crime an issue? Any suggestions?

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Cedar Hill has a huge depreciated Market. The trick is to find properties with tenants and leases all ready in place. With that you can see your capitalization rate (your profits from your down payments after all bills are paid). You can also review lease, their rental application, and proof of deposits and copies of check. I always review the rental checks from tenants, and look at the dates written. This helps to ensure the tenants were not late.

If you would like some more help feel free to call. I would be happy to help! :)
0 votes Thank Flag Link Mon Apr 15, 2013
I have sold a number of homes in the Cedar Hill area as owner occupied properties. It is my opinion that a rental property in that area would attract low income tenants with very high maintenance costs. Most of the investors I work with end up buying in the North FW/Keller area of the metroplex. Prices seem to be dropping in all southern areas and most commercial growth is north.
0 votes Thank Flag Link Fri Jan 25, 2008
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