701 Red Oak Ave Crosby TX 77532

5 investors added to watchlist

701 Red Oak Ave

Crosby TX 77532

Year 1 Investor Highlights

Cash on Cash

5.58%

Cap Rate

6.82%

YoY Appreciation

Cash Flow/mo.

$350

701 Red Oak Ave, Crosby TX 77532

$235,000

3 Bedrooms

2 Bathrooms

1,550 Sqft

Built in 1998

5 investors watching

Why invest?

701 Red Oak Ave in Crosby, TX, presents a promising investment opportunity in a stable rental market. The property's location offers easy access to major employers and local amenities, enhancing its appeal to potential tenants. With a solid rental history and a growing demand for quality housing in the area, this property stands out as a valuable addition to any investment portfolio.

Property Overview

This well-maintained 3-bedroom, 2-bathroom home spans 1,550 square feet, providing ample space for comfortable living. Built in 1998, the residence features a functional layout with a spacious living area, modern kitchen, and generous bedrooms. The property includes a two-car garage and a private backyard, offering additional value to prospective renters.

Economic and Employment Insights

Crosby, TX, benefits from a diverse economy with a mix of local businesses and proximity to Houston's metropolitan area. The job market is bolstered by major employers in sectors such as manufacturing, healthcare, and education. The area's economic stability and job growth contribute to a steady demand for rental properties, making it an attractive location for investment.

Local Amenities

The neighborhood surrounding 701 Red Oak Ave offers a range of amenities that enhance tenant satisfaction. Residents have access to reputable schools, convenient public transportation options, and a variety of shopping and dining establishments. Additionally, nearby parks and recreational facilities provide opportunities for outdoor activities, contributing to a high quality of life for tenants.

Currently Leased

Managed by Doorvest

Monthly Rent

$1,900/month

✓ Actual rent from active lease

Move In Date

Sep 2022

Current Lease

May 2025 - Apr 2026

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