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$178,000

NAL Estimated Property Value

1015 Cruse Dr, Pasadena, TX, 77506

Off MarketInfo
CommercialInfo
Beds1 Beds
Baths1 Bath
Baths1,144 Sq Ft
Multi FamilyMulti Family
price_per_sqft$148.6 / sqft
Year BuiltBuilt in 1947

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Microwave, Refrigerator
FlooringWood

Exterior

Lot Size5,924 sqft

Building Information

Year Built1947
Stories1
Garage Spaces1

Land Information

APN0710850000057
Lot Number57
SubdivisionTatar
Land UseResidential
Legal DescriptionLT 57 TATAR
Census Tract322900
Assessed Land Value$56,779
Assessed Improvement Value$95,489
Assessment Year2025

About this property

EXCELLENT INVESTMENT OPPORTUNITY!! This duplex is very well-maintained, currently tenant-occupied and cash-flowing. Tenants have been there several years so there is an opportunity to raise rents and improve cash flow. Units were nearly completely renovated before current tenants moved in. One unit has a new central A/C unit. The other A/C is older but still works great. Roof, electrical, plumbing, and freshly painted interior are all in great shape. Property is very well-located just off Pasadena Blvd right behind the new fire department and less than a block away from Jackson Intermediate School. Feel free to drive by but please DO NOT DISTURB TENANTS! Property is not in a flood zone and has never flooded. All room measurements should be verified by buyer. This is a turnkey investment...just buy and collect rent!

Investor Tools

Property Icon
$178,000
Estimated Property Value
$122,086Estimated Mortgage Balance
$55,914Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,068 /month
Positive
Cash Flow Estimate:
$356 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,785
$152,268
2025
$56,779
$95,489
$152,268
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,785
$152,268

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Unknown
$131,250
No
First
Aug 4, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,086
$55,914
31%
69%
$787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$787/mo
+$520/mo
8.8%

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: Pasadena

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1015 Cruse Dr | Property Details | No Agent List